Keybanc Maintains Overweight on TechTarget, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson has maintained an Overweight rating on TechTarget (NASDAQ:TTGT) but has reduced the price target from $58 to $40. This adjustment reflects a more conservative valuation of TTGT's stock.
January 22, 2024 | 9:54 am
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TechTarget's Overweight rating is maintained by Keybanc, but the price target is lowered from $58 to $40, indicating potential downside or slower growth expectations.
The reduction in price target by Keybanc suggests that the analyst sees less upside potential for TechTarget's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new valuation.
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