Joshua Reilly, an analyst from Needham, maintained the Buy rating on TechTarget, Inc.. The associated price target remains the same with $15.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that suggest a positive outlook for TechTarget, Inc. Despite the challenges faced in the first quarter of 2025, particularly related to the merger, the company’s revenue was in line with expectations. Reilly notes that the operational improvements already implemented are expected to drive revenue growth in the second half of the year without relying on broader economic recovery.
Reilly’s confidence in TechTarget’s ability to meet its full-year revenue guidance is bolstered by these operational enhancements. Additionally, while the conversion to free cash flow will be affected by one-time merger-related expenses, the anticipated increase in adjusted EBITDA in the latter half of the year suggests a healthy trajectory. Overall, Reilly believes that the company’s operational synergies are progressing well, and successful execution in the upcoming quarters could lead to a recovery in the stock’s valuation.
In another report released yesterday, Lake Street also assigned a Buy rating to the stock with a $10.00 price target.