Wells Fargo Lowers PT on Gartner from $400 to $345, Keeps Underweight Rating

Gartner, Inc. (NYSE:IT) is one of the Best Information Technology Services Stocks to Invest In. On July 18, Wells Fargo lowered the price target on Gartner, Inc. (NYSE:IT) from $400 to $345, keeping its Underweight rating on the stock.

Jason Haas from Wells Fargo reduced his price target on IT ahead of its Q2 2025 earnings release on August 5. The analyst sees risk skewed to the downside ahead of the earnings. Haas expects Gartner, Inc. (NYSE:IT) to miss Wall Street estimates influenced by federal government headwinds, while the management is expected to reiterate full-year revenue guidance with a boost from FX.

Wall Street analysts expect Gartner to post average earnings of $3.31 per share during Q2 and revenue of around $1.67 billion. The company has only missed earnings estimates once in the last two years.

Gartner, Inc. (NYSE:IT) is an IT services and consulting firm that delivers actionable, objective insight to executives and their teams. The company operates through the following segments: Research, Conferences, and Consulting.

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Disclosure: None. This article is originally published at Insider Monkey.