Gartner price target raised to $580 from $510 at UBS

UBS raised the firm’s price target on Gartner to $580 from $510 and keeps a Buy rating on the shares. Shares were up 6% on Tuesday after reporting a contract value growth re-acceleration in Q2, with management declaring that the Q1 growth likely marks a trough this cycle, the analyst tells investors in a research note. The firm thinks the downside is now reasonably capped and has greater confidence in its 2024 CV exit rate of 7.1%.