01:00 PM EDT, 08/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our price target by $129 to $317, 24x our '26 EPS view, a significant discount to IT's 5-year average (~34x) given declining growth metrics and economic uncertainty, with customers seeing tariff-related weakness and U.S. Federal spending cuts further pressuring growth. We cut our '25 EPS view by $0.05 to $12.16 and lower '26's by $0.30 to $13.20. Shares are in free fall today as Q2 showed a further deceleration across key growth metrics like wallet retention (101.3%, -190 bps Y/Y) and overall CV growth (4.9%, -260 bps Y/Y), potentially furthering the narrative that AI insights are making IT's research look expensive. We think these fears are overblown and that IT's proprietary, behind-the-paywall research remains a differentiated product that should only see its value increase from its Ask Gartner AI product that will benefit from a unique dataset of executive conversations. The lack of a clear near-term catalyst gives us some pause, but we think valuation has become very compelling at current levels.