Barclays lowered the firm’s price target on Gartner (IT) to $475 from $510 and keeps an Overweight rating on the shares. The firm’s chief investment offier survey shows declining expectations for 2025 after a sustained 2024. More importantly for Gartner specifically, next 12 month seat and offering additions turned negative once again with a net 37% decrease versus net 14% decrease prior, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IT:
- Gartner price target lowered to $401 from $488 at Wells Fargo
- Gartner price target lowered to $510 from $600 at Barclays
- Gartner price target lowered to $500 from $565 at UBS
- Gartner price target lowered to $557 from $605 at Baird
- Palantir Stock (PLTR) Alert! DOD Implements Additional $580M Budget Cuts
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue