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Gartner Inc Stock Tumbles as Major Investors Exit; Wells Fargo Slashes Price Target
Gartner Inc. stock is experiencing a downturn after major institutional investors, including Mackenzie Financial and 2Xideas AG, significantly cut their stakes. Further exacerbating investor concerns, Wells Fargo dramatically reduced its price target for Gartner from $218 to $150, citing valuation issues and structural headwinds. This signals a potential synchronized reassessment of Gartner’s future prospects by sophisticated investors, challenging the prevailing, albeit cautiously bullish, analyst consensus.