Wells Fargo Lowers Gartner Price Target to $140

Analysts cite concerns about the information technology services provider's outlook.

Mar. 28, 2026 at 10:04am

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Wells Fargo & Company has lowered its price target for Gartner (NYSE:IT) from $150 to $140, maintaining an 'underweight' rating on the stock. Several other equity analysts have also recently adjusted their price targets and ratings for Gartner, citing a mixed outlook for the global research and advisory firm.

Why it matters

Gartner is a leading provider of research and insights for technology, finance, HR, and other business functions. Its stock performance is closely watched as an indicator of broader trends in the enterprise software and IT services sectors.

The details

In a report published on Friday, Wells Fargo analysts lowered Gartner's price target from $150 to $140, while maintaining an 'underweight' rating on the stock. Other analysts have also recently adjusted their views on Gartner, with UBS Group cutting its target from $180 to $166 and Truist Financial reducing its target from $300 to $170.

  • The Wells Fargo report was published on Friday, March 28, 2026.

The players

Wells Fargo & Company

A major American multinational financial services company.

Gartner, Inc.

A global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions.

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The takeaway

The mixed analyst views on Gartner's outlook reflect the broader uncertainty and volatility in the enterprise technology sector, as companies navigate shifting market dynamics and economic conditions.