From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 50s
Gartner Shares Rise After Analyst Upgrades
Gartner stock jumps 5.1% as Morgan Stanley and UBS raise price targets.
In brief
Gartner stock jumps 5.1% as Morgan Stanley and UBS raise price targets. Gartner shares rose 5.1% after Morgan Stanley and UBS increased price targets from $177 to $182 and $196 to $208 respectively. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Gartner Shares Jump
Gartner shares jumped 5.1% on Thursday after two Wall Street firms raised their price targets on the research and advisory firm.
Morgan Stanley and UBS Actions
Morgan Stanley maintained its Equal-Weight rating while lifting its price target from $177 to $182, while UBS held its Neutral stance but raised its target more aggressively from $196 to $208.
Price Target Alignment
The average new price target of $195 sits right in line with where shares closed Thursday at $195.27, suggesting the stock has now caught up to where analysts see fair value.
At a glance
Gartner shares rose 5.1% after Morgan Stanley and UBS increased price targets from $177 to $182 and $196 to $208 respectively.
