TechTarget, Inc. (TTGT)
NASDAQ:TTGT
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TechTarget, Inc.
(NASDAQ:TTGT)
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Rating:48Neutral
Price Target:
$3.50
▼(-23.58% Downside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by weak financial performance (contracting TTM revenue, large losses, and negative/volatile free cash flow) and bearish technical trends (below all major moving averages with negative MACD). Offsetting factors include improved leverage and a more constructive earnings call with reiterated adjusted EBITDA guidance and margin improvement, while valuation support is limited by the negative P/E and lack of dividend yield.
Positive Factors
Brand & Demand Segment Strength
A recurring majority of revenue (≈70%) coming from Brand & Demand that is still growing (~5% YoY) supports durable monetization of owned audiences. This segment scale and improving margins provide stable cash conversion potential and resilience versus weaker subsegments.
Negative Factors
Sharp TTM Revenue Decline
A near‑30% TTM revenue contraction is a durable headwind: it reduces scale economics, erodes monetizable audience size and increases pressure on margins. If sustained, lower top line will limit reinvestment capacity and challenge attainment of consistent positive returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand & Demand Segment Strength
A recurring majority of revenue (≈70%) coming from Brand & Demand that is still growing (~5% YoY) supports durable monetization of owned audiences. This segment scale and improving margins provide stable cash conversion potential and resilience versus weaker subsegments.
Read all positive factors
TechTarget, Inc. Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue by business segments, showing which areas drive growth and profitability, and indicating where the company is focusing its strategic efforts.
Breaks down revenue by business segments, showing which areas drive growth and profitability, and indicating where the company is focusing its strategic efforts.
Data provided by:
The Fly
The FlyTechTarget, Inc. (TTGT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$260.28M
Dividend YieldN/A
Average Volume (3M)497.79K
Price to Earnings (P/E)―
Beta (1Y)1.80
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,100
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-7.76
Shares Outstanding72,299,446
10 Day Avg. Volume592,197
30 Day Avg. Volume497,793
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.65
Price to Sales (P/S)0.80
P/FCF Ratio24.28
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue0.94
Enterprise Value/Gross Profit1.28
Enterprise Value/Ebitda-0.67
Forecast
1Y Price Target
$10.67Price Target Upside132.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.73
Revenue Forecast (FY)$497.47M
TechTarget, Inc. Business Overview & Revenue Model
Company Description
TechTarget, Inc. is a global provider of specialized marketing and sales solutions, specifically designed to drive significant business impact for business-to-business (B2B) technology companies. The company offers enterprise technology vendors ma...
How the Company Makes Money
TechTarget primarily makes money by selling marketing and sales services to enterprise technology vendors that want to influence and capture demand from IT buyers. Its core revenue stream is derived from monetizing its owned media audiences and fi...
TechTarget, Inc. Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive operational and financial trajectory: modest revenue growth (+2% YoY) alongside a pronounced improvement in adjusted EBITDA (+27% YoY) and margin expansion. Management highlighted strong liquidity, product and AI innovation, customer successes (notably Tanium), and improved operational efficiency (time to first lead down 38%). Offsetting items include a decline in the Intelligence & Advisory segment (-4% YoY), a sizable GAAP net loss that included a $45M non‑cash goodwill impairment, higher churn at the SME end, traffic disruption as search shifts to answer engines, and regional geopolitical headwinds. Overall, the positive execution, margin improvement, product momentum and retained guidance outweigh the headwinds described.Positive Updates
Revenue Growth
Q1 2026 revenue of $106 million, representing approximately 2% year‑over‑year growth.
Negative Updates
Decline in Intelligence & Advisory Revenue
Intelligence & Advisory (I&A) represented ~30% of revenue and was down ~4% year‑over‑year, primarily due to a decrease in go‑to‑market strategic consulting.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Q1 2026 revenue of $106 million, representing approximately 2% year‑over‑year growth.
Read all positive updates
Company Guidance
The company reiterated full‑year 2026 adjusted EBITDA guidance of $95 million to $100 million, citing a strong start to the year with Q1 revenue of $106 million (+2% YoY) and adjusted EBITDA of $7.4 million (+27% YoY) with an adjusted EBITDA margin of 6.9% (vs. 5.6% a year ago); segment mix was ~70% Brand & Demand (≈+5% YoY) and ~30% Intelligence & Advisory (≈‑4% YoY). Management said macro uncertainty remains but sees no current inflationary pressure that would derail the $95M–$100M target, pointed to liquidity of roughly $178 million (cash $47M + ~$130M undrawn on a $250M revolver), net debt of ~$72M (~0.8x LTM adjusted EBITDA), a narrowed GAAP net loss of $70.8M (including a $45M non‑cash goodwill impairment), and operational tailwinds such as time‑to‑first‑lead improving 38% YoY, permission membership up low single digits and priority‑persona activity up high single digits, plus doubled‑digit gains in Omdia users, engagement and NPS.TechTarget, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
58
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 366.94M | 486.79M | 284.90M | 252.10M | 197.09M | 263.43M |
| Gross Profit | 268.91M | 201.04M | 177.64M | 153.28M | 124.79M | 192.22M |
| EBITDA | -512.78M | -927.42M | -61.43M | 343.00K | 11.78M | 54.80M |
| Net Income | -555.70M | -1.01B | -116.86M | -57.78M | -4.29M | 949.00K |
Balance Sheet | ||||||
| Total Assets | 877.86M | 937.31M | 2.27B | 699.89M | 764.72M | 789.00M |
| Cash, Cash Equivalents and Short-Term Investments | 47.71M | 40.63M | 353.69M | 326.27M | 364.73M | 381.70M |
| Total Debt | 134.99M | 111.25M | 435.98M | 431.16M | 480.16M | 481.29M |
| Total Liabilities | 353.31M | 342.69M | 694.63M | 476.96M | 547.24M | 566.24M |
| Stockholders Equity | 524.55M | 594.62M | 1.57B | 222.93M | 217.47M | 222.76M |
Cash Flow | ||||||
| Free Cash Flow | -4.24M | 15.95M | -71.61M | 57.85M | 24.70M | 34.55M |
| Operating Cash Flow | 4.04M | 16.34M | -64.85M | 72.49M | 28.06M | 35.21M |
| Investing Cash Flow | -19.89M | 58.13M | -79.36M | -93.02M | -354.70M | -57.46M |
| Financing Cash Flow | -15.86M | -311.01M | 409.63M | -98.14M | 330.31M | 23.21M |
TechTarget, Inc. Technical Analysis
Negative
4.58
Price Trends
4.74
Negative
4.53
Negative
5.03
Negative
Market Momentum
-0.37
Positive
33.91
Neutral
13.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTGT, the sentiment is Negative. The current price of 4.58 is above the 20-day moving average (MA) of 4.13, below the 50-day MA of 4.74, and below the 200-day MA of 5.03, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 33.91 is Neutral, neither overbought nor oversold. The STOCH value of 13.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TTGT.
TechTarget, Inc. Risk Analysis
TechTarget, Inc. disclosed 43 risk factors in its most recent earnings report. TechTarget, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
TechTarget, Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $839.05M | -19.49 | -10.32% | ― | 6.78% | 52.54% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $208.04M | -8.52 | -4.79% | ― | -19.42% | -2894.74% | |
55 Neutral | $485.68M | -22.63 | -3.62% | 7.14% | -1.77% | -152.61% | |
48 Neutral | $260.28M | -0.47 | -93.17% | ― | ― | ― | |
47 Neutral | $82.41M | -0.19 | -567.03% | ― | -28.88% | -15473.93% | |
46 Neutral | $32.88M | -6.12 | -10.32% | ― | ― | ― |
* Communication Services Sector Average
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TechTarget, Inc. Corporate Events
Business Operations and StrategyShareholder Meetings
TechTarget Shareholders Strongly Back Board and Governance
Positive
Jun 15, 2026
On June 11, 2026, TechTarget stockholders held their 2026 annual meeting, with approximately 94% of outstanding common shares represented, and elected all director nominees to serve until the 2027 annual meeting, signaling broad investor support f...
Business Operations and StrategyExecutive/Board Changes
TechTarget Adopts New Executive Incentive Compensation Plans
Positive
Apr 30, 2026
On April 24, 2026, TechTarget’s compensation committee approved a new Executive Incentive Growth Acceleration Plan and a 2026 Executive Short-Term Incentive Plan designed to more closely align senior leaders’ pay with revenue growth, o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.