On September 15, Gartner rose 7.65% in regular trading, trading at $193.33 per share, with turnover of $101 million. The rally was driven by the continued positive momentum following the company's Q2 earnings beat and a wave of institutional price target upgrades.

Gartner reported Q2 adjusted EPS of $4.37, beating the consensus estimate of $3.75 by 16.5% and rising 23.8% year-over-year. Revenue came in at $1.676 billion, also ahead of the $1.650 billion estimate. The company raised its full-year adjusted EPS guidance to at least $14, up from a prior outlook of at least $13.25, well above the analyst consensus of $13.69. Morgan Stanley highlighted a sequentially improved selling environment, with AI remaining the key client demand driver. Mid-size enterprises delivered mid-single-digit contract value growth, while client engagement rose 140 basis points. Multiple banks have since raised their price targets, including RBC lifting its target to $198 from $164 and Morgan Stanley adjusting to $177 from $173, both maintaining hold-equivalent ratings.

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