Positive Outlook for TechTarget, Inc. Amid Strategic Initiatives and Cost Management
Needham analyst Joshua Reilly has maintained a Buy rating on TechTarget, Inc. (TTGT) stock, citing steady performance and strategic initiatives. The company’s Q3 results met expectations, showing progress post-Informa Tech merger. Q4 guidance remains stable due to cost-cutting measures. Increased webinar viewership and white paper readership counter the belief that AI reduces content consumption among B2B tech buyers. Although low free cash flow is expected in 2026, recovery is anticipated in 2027. Lake Street also maintains a Buy rating with a $10.00 price target.
Needham analyst Joshua Reilly has maintained their bullish stance on TTGT stock, giving a Buy rating yesterday.
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Joshua Reilly’s rating is based on TechTarget, Inc.’s steady performance and strategic initiatives. The company reported Q3 results that aligned with expectations, demonstrating progress and improved trend visibility post the Informa Tech merger. The guidance for Q4 remains stable, benefiting from reduced operational expenses due to recent cost-cutting measures.
Moreover, TechTarget is witnessing an increase in webinar viewership and consistent white paper readership, challenging the notion that AI would diminish content consumption among B2B technology buyers. Although free cash flow is expected to be low in 2026 due to integration costs, a recovery is anticipated in 2027, supporting a positive outlook for the company’s financial health.
In another report released yesterday, Lake Street also maintained a Buy rating on the stock with a $10.00 price target.
