Gartner price target lowered to $150 from $180 at Barclays

Barclays lowered the firm’s price target on Gartner (IT) to $150 from $180 and keeps an Equal Weight rating on the shares. The firm says that even if the Q1 reports in the information services sector “show resiliency, this is unlikely to cut through the AI narrative and mark a turning point for the sector.” Investor focus will remain on the outlooks, given the added geopolitical noise not reflected in the initial guides, the analyst tells investors in a research note.