$IT

NiCE was named a Leader in Gartner's 2026 Magic Quadrant for Contact Centre as a Service. The company reported AI revenue of $362 million in Q2, up 52% YoY, accounting for 15% of cloud revenue. NiCE attributes growth to demand for AI agents in customer service, citing customers like Openreach, Lufthansa, and Toyota. The company's NiCE Cognigy product is driving recent momentum, with record AI bookings in the quarter.

Salesforce was named a Leader in the 2026 Gartner Magic Quadrant for Digital Commerce for the 11th consecutive year, recognized for its vision and execution. The company's Commerce Cloud platform is designed to help B2B and B2C companies grow revenue and adapt to AI-driven shopping trends. Salesforce highlights its agentic commerce capabilities, global reach, and ability to handle peak demand.

Washington Trust Bancorp (WASH) rose 5% after beating Q3 2026 estimates. Doximity (DOCS) gained 7.3% following a partnership with Wolters Kluwer. Myriad Genetics (MYGN) surged 22.2% after selling its Prenatal Health unit to Labcorp. Arhaus (ARHS) climbed 6.5% on an upgrade and price target raise. Gartner (IT) increased 4.5% after price target hikes.

NICE Ltd. (NICE) was named a Leader in Gartner’s 2026 CCaaS Magic Quadrant. The company reported AI annual recurring revenue (ARR) of $362M in Q2 2026, up 52% year-over-year, accounting for 15% of cloud revenue. NICE attributes record AI bookings to NICE Cognigy.

Gartner (IT) shares rose 4.8% after Truist Securities and Wells Fargo raised their price targets. Truist increased its target to $235, citing strong conference attendance and management's confidence. Wells Fargo raised its target to $175, noting AI-driven improvements. The stock is down 8.2% year-to-date and 15.7% below its 52-week high.

BMO Capital Markets added ServiceNow (NOW) and Gartner (DT) as new Top Picks, raising their price targets. Analyst Keith Bachman cited favorable near-term setups and steady growth prospects. ServiceNow's security acquisitions, Armis and Veza, are outperforming expectations, contributing to significant deals and revenue.

Diamond Hill Capital's Large Cap Strategy added Gartner (NYSE: IT) to its portfolio, citing attractive valuation and intermediate-term growth. The firm noted AI-related risks and opportunities but believes the market undervalues Gartner's license. Gartner's stock has a 20.14% YTD pullback, closing at $205.35 on October 16, 2026, with a market cap of $12.96 billion.

Gartner Inc. shares rose 5.89% to $207.31 on Thursday, underperforming competitors. The S&P 500 and Dow Jones gained 0.33% and 1.08% respectively. Gartner's stock remains 20.60% below its 52-week high of $261.10.

CyCraft Technology (TWSE: 7823) was named the only Pace Setter in Gartner's 2026 Emerging Market Quadrant for AI Application Security. The Taiwan-based company is also the sole Asia-based vendor in the report. CyCraft offers XecART and XecGuard, AI security products for testing and real-time protection. This marks the company's third international recognition this year.

mabl was named a Challenger in Gartner's 2026 Magic Quadrant for Agentic QA. The company focuses on software validation, aiming to benefit from automation trends. Gartner recognition may boost mabl's credibility and market position. SpaceX acquired $8B in wireless spectrum for Starlink Mobile, enhancing its mobile service capabilities. Analysts see potential upside, with a $230 price target from Evercore and a Moderate Buy consensus rating.