Jeffrey Silber Maintains Hold on Gartner as Muted Growth, Geopolitical Uncertainty and Lowered Price Target to $177 Balance Solid Execution

BMO Capital analyst Jeffrey Silber maintained a Hold rating on Gartner today and set a price target of $177.00.

Jeffrey Silber has given his Hold rating due to a combination of factors, balancing solid execution against a still-challenging demand backdrop. Gartner exceeded earnings expectations largely through expense items such as taxes and interest, while its core contract value growth remained muted, pressured by U.S. federal spending headwinds and slower client decisions that only modestly improved versus prior quarters.

Silber acknowledges management’s outlook for better contract value expansion as federal and tariff-related pressures ease and highlights the newly introduced 12% adjusted EPS CAGR target for 2025–2028, which supports raising estimates even as revenue guidance was trimmed on weaker Consulting trends. However, with geopolitical uncertainty persisting, growth in key segments still subdued, and the price target reduced from $188 to $177, he views the risk‑reward as balanced, leading him to maintain a neutral, Hold stance rather than a more aggressive rating.

In another report released today, Morgan Stanley also assigned a Hold rating to the stock with a $183.00 price target.