Raymond James Maintains Outperform on TechTarget, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Marok has maintained an Outperform rating on TechTarget (NASDAQ:TTGT) and increased the price target from $31 to $45, indicating a positive outlook on the company's stock.
January 12, 2024 | 12:35 pm
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TechTarget's stock rating has been maintained at Outperform by Raymond James, with a significant increase in the price target from $31 to $45, suggesting strong confidence in the company's future performance.
The increase in price target by a reputable analyst firm like Raymond James typically signals a bullish outlook on the stock, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price. The substantial raise from $31 to $45 represents a significant expected upside, which is likely to be taken positively by the market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100