11:50 AM EDT, 04/04/2025 (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 $70 to $405, applying a P/E ratio of 33x our 2025 EPS view, below IT's five-year historical average (~37.5x) on decelerating growth metrics and rising macro uncertainty, especially with respect to high "reciprocal tariff" rates introduced by the U.S. on April 2nd that we expect to be a particular headache for tech. We lower our 2025 EPS estimate by $0.39 to $12.28 and cut 2026's by $0.42 to $13.68 to reflect the added uncertainty. Still, we think shares' ~28% decline since Q4 earnings has offered an improved valuation that more than accounts for the increased risks of economic deterioration and reduced U.S. government spending (~5% of IT's CV), especially as we view increased uncertainty and complexity as a demand driver for IT's Research segment. We also note that IT's business fundamentals look solid, with Q4 earnings showing encouraging signs of an uptick in growth metrics, most notably wallet retention (+60 bps Q/Q, +40 bps Y/Y to 104.0%) and CV growth (+50 bps Q/Q, flat Y/Y to 7.8%).