TechTarget price target lowered to $36 from $38 at Lake Street

Lake Street lowered the firm’s price target on TechTarget (TTGT) to $36 from $38 and keeps a Buy rating on the shares. The firm was “pleased to see” TechTarget perform in line with expectations for the Q3, but notes that the company chose not to give guidance given the proximity of the anticipated Informa Tech closing. The firm’s prior model anticipated 11% growth for Q4, and it now views that as “too aggressive,” the analyst tells investors.