In a report released today, Joshua Reilly from Needham maintained a Buy rating on TechTarget, Inc., with a price target of $15.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that reflect improving profitability trends and solid cash generation. After revisiting his models following the Q4 release, he kept full‑year revenue and EBITDA essentially intact, but reallocated more profit to the back half of the year, signaling confidence in stronger operating leverage as 2026 progresses.
He now projects only a modest year‑over‑year increase in adjusted EBITDA for Q1 2026 at $7.3 million, but expects a more pronounced margin expansion by Q4 2026. Additionally, his forecast of roughly $40 million in free cash flow, after factoring in capital expenditures, combination-related expenses, and taxes, supports the view that TechTarget can both invest in its business and still generate attractive cash returns, underpinning the Buy recommendation.
According to TipRanks, Reilly is an analyst with an average return of -2.4% and a 37.78% success rate. Reilly covers the Technology sector, focusing on stocks such as Tyler Technologies, Zoom Video Communications, and Bandwidth.