Gartner price target lowered to $225 from $345 at Wells Fargo

Wells Fargo lowered the firm’s price target on Gartner (IT) to $225 from $345 and keeps an Underweight rating on the shares. The firm notes Gartner beat on EPS but missed CV growth by a wide margin. Macro uncertainty continues to pressure the selling environment, while Federal Government cancellations and nonrenewals persist, with 40% of Fed Gov contracts still up for renewal in the second half of 2025, Wells adds.