Analysts Trim IT Stocks as Gartner and Amdocs Are Downgraded
Consecutive downgrades from well-known banks reduce near-term upside and may trigger price pressure in IT-related stocks, especially high-valuation names like Gartner and Amdocs.
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Consecutive downgrades from well-known banks reduce near-term upside and may trigger price pressure in IT-related stocks, especially high-valuation names like Gartner and Amdocs.
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Several top analysts cut ratings on IT-related names, signaling renewed caution on high-valuation IT stocks. Oppenheimer downgraded Amdocs (DOX) to Perform with DOX closing near $62.43; Truist trimmed Gartner's target to $210 while the stock traded around $204. Gartner's downgrade reflects ongoing scrutiny of IT services and research peers, implying potential near-term pressure on valuations.
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