Keybanc Maintains Overweight Rating for TechTarget: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has maintained its Overweight rating on TechTarget (NASDAQ:TTGT) but reduced its price target from $58.00 to $40.00. TechTarget's shares are currently trading at $32.70, down 1.0% over the last 24 hours. The new price target suggests a potential upside of 22.32% from the current price. TechTarget is a leader in purchase intent-driven marketing and sales data, primarily serving B2B technology companies, with the majority of its revenue coming from North America.
January 22, 2024 | 5:00 pm
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Keybanc maintains Overweight rating on TechTarget but lowers price target from $58 to $40. TTGT's stock is down 1.0%, with the new target representing a 22.32% potential increase.
The maintenance of an Overweight rating by Keybanc suggests a positive outlook on TTGT, while the reduction in price target may reflect a more conservative valuation or updated market conditions. The potential upside of 22.32% from the new price target could be seen as a positive signal to investors, indicating room for growth. However, the recent 1.0% decline in share price shows market reaction to the news may be mixed in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100