Wells Fargo analyst Seth Weber lowered the firm’s price target on Gartner to $380 from $387 and keeps an Overweight rating on the shares. Wells’ model revisions include the impact from FX-related adjustments to historical CV and nod to a more unsettled macro. Net, the firm’s 2023/2024 estimates and price target come down slightly, but Wells remains Overweight-rated based on the expected resiliency and cash generation of Gartner’s model.
Published first on TheFly
