Gartner upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Gartner (IT) to Overweight from Equal Weight with a price target of $600, up from $525. The firm expects the company’s fiscal 2025 guidance to be “very conservative as per usual,” and says the Street may interpret this as partly do its U.S. federal exposure. If the shares reacted negatively, Barclays would view that as a buying opportunity, the analyst tells investors in a research note. The firm cites potential growth acceleration for the upgrade and thinks the Street is overreacting to Gartner’s Department of Government Efficiency risk.