TechTarget, Inc. Maintains Stability and Positive Outlook Amid Informa Tech Merger and GenAI Integration, Justifying Buy Rating

TechTarget, Inc. (TTGT – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Joshua Reilly from Needham maintained a Buy rating on the stock and has a $15.00 price target.

Joshua Reilly has given his Buy rating due to a combination of factors related to TechTarget, Inc.’s recent performance and future outlook. The company’s 2024 pro forma results, which include the impact of the Informa Tech merger, showed stable revenue and adjusted EBITDA figures, indicating a steady financial foundation. Despite a projected slight decline in revenue for the first half of 2025, the company’s management has noted consistent customer engagement levels, even with the increased use of GenAI tools.
Reilly’s decision to maintain a Buy rating also considers the company’s strategic positioning and management’s commentary on future performance. Although the price target was adjusted to $15 due to market conditions and expectations, the overall business trends remain stable. This stability, combined with the company’s ability to maintain customer engagement, supports a positive long-term outlook, justifying the Buy recommendation.

According to TipRanks, Reilly is a 3-star analyst with an average return of 3.3% and a 46.35% success rate. Reilly covers the Technology sector, focusing on stocks such as AudioEye, ZoomInfo Technologies, and Asure.

In another report released on June 2, Lake Street also maintained a Buy rating on the stock with a $12.00 price target.