JPMorgan analyst Ella Smith downgraded Informa TechTarget (TTGT) to Underweight from Neutral with a price target of $8, down from $18. After more than two months of delay, the company released its fiscal 2024 results, which were worse than expected, the analyst tells investors in a research note. The firm says that with more clarity on the combined performance and near-term prospects of the newly established company, it does not see Informa TechTarget as having attractive near-term investment characteristics. JPMorgan does not see a near-term turning point or positive catalyst.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTGT:
- TechTarget reinstated with a Buy at Craig-Hallum
- TechTarget Executive Transition and Investor Presentation
- Informa TechTarget Reports 2024 Financial Results
- TechTarget, Inc. Maintains Stability and Positive Outlook Amid Informa Tech Merger and GenAI Integration, Justifying Buy Rating
- TechTarget reports FY24 EPS ($2.65) vs. ($1.39) last year
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue