Deutsche Bank Maintains Hold on TechTarget, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Brad Zelnick maintains a Hold rating on TechTarget (TTGT) and lowers the price target from $40 to $33.
May 10, 2024 | 4:31 pm
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Deutsche Bank has maintained its Hold rating on TechTarget but reduced the price target from $40 to $33, indicating a bearish outlook on the stock's short-term price movement.
The reduction in price target by a reputable financial institution like Deutsche Bank suggests a bearish sentiment towards TechTarget's short-term financial performance or market position. This could lead to a negative investor reaction and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100