Baird analyst Jeffrey Meuler lowered the firm’s price target on Gartner (IT) to $557 from $605 and keeps an Outperform rating on the shares. The firm lowered its estimates for expected government contract attrition.
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Read More on IT:
- Palantir Stock (PLTR) Alert! DOD Implements Additional $580M Budget Cuts
- Secretary of Defense terminates $580M in DoD contracts, grants
- Hegseth says government canceling some Gartner contracts, Bloomberg reports
- Gartner’s Robust Q4 2024 Earnings and 2025 Outlook
- Gartner price target raised to $605 from $579 at Baird