Analyst Jeffrey Silber from BMO Capital maintained a Hold rating on Gartner and keeping the price target at $272.00.
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Jeffrey Silber has given his Hold rating due to a combination of factors surrounding Gartner’s recent financial activities. The company has authorized an additional $1 billion for share repurchases, which follows a similar increase in authorization during the previous quarter. This move is seen as a positive indicator, suggesting that Gartner is capitalizing on the current undervaluation of its shares.
Despite this optimistic signal, the decision to maintain a Hold rating may reflect caution regarding the broader market conditions or internal company challenges that could affect future performance. While the aggressive repurchase strategy indicates confidence from the management, it may also suggest that the company is focusing on shareholder returns rather than reinvesting in growth opportunities. These factors combined lead to a balanced view, justifying the Hold recommendation.
In another report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $322.00 price target.
Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is neutral on the stock.