In a report released today, Justin Patterson from KeyBanc reiterated a Buy rating on TechTarget (TTGT – Research Report). The company’s shares closed yesterday at $28.44.
Patterson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Match Group, and NerdWallet, Inc. Class A. According to TipRanks, Patterson has an average return of 7.5% and a 48.73% success rate on recommended stocks.
TechTarget has an analyst consensus of Moderate Buy, with a price target consensus of $39.00, implying a 37.13% upside from current levels. In a report released on May 10, Raymond James also maintained a Buy rating on the stock with a $39.00 price target.
TTGT market cap is currently $833.3M and has a P/E ratio of -110.07.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTGT in relation to earlier this year.
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TechTarget (TTGT) Company Description:
TechTarget, Inc. engages in the provision of online content for buyers of enterprise information technology products and services. It also offers purchase-intent marketing and sales services for enterprise technology vendors. Its products portfolio includes demand generation, brand consideration, sales enablement, and marketing intelligence. The company was founded by Don Hawk and Greg Strakosch on September 14, 1999 and is headquartered in Newton, MA.
