UBS Upgrades TechTarget to Buy, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kunal Madhukar has upgraded TechTarget (NASDAQ:TTGT) from Neutral to Buy and increased the price target from $31 to $45, indicating a positive outlook on the company's stock.
January 31, 2024 | 12:05 pm
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TechTarget's stock rating has been upgraded by UBS from Neutral to Buy, with a significant raise in price target from $31 to $45, suggesting a bullish stance on the stock's future performance.
An upgrade from Neutral to Buy typically indicates that the analyst sees a strong potential for stock price appreciation. The substantial increase in the price target from $31 to $45 reflects a positive reassessment of the company's value and growth prospects, which can lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100