Truist analyst Jasper Bibb initiated coverage of Gartner (IT) with a Buy rating and $300 price target The shares are trading at an “unusual” 40% discount to its historical average multiple after three years of slowing growth, the analyst tells investors in a research note. The firm believes fears of artificial intelligence disintermediation are overblown. The market is valuing Gartner as a low single digit grower going forward and getting back to double-digit organic growth in 2027 “could be a home run at today’s discounted valuation,” contends Truist.
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