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TechTarget, Inc.
(NASDAQ:TTGT)
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Rating:50Neutral
Price Target:
$4.50
▲(32.35% Upside)
Action:Reiterated
Date:08/07/26
The score is held down primarily by weak and volatile financial performance—especially the very poor income statement profile (sharp TTM revenue decline and large losses) and negative TTM free cash flow. Partially offsetting this are improved balance-sheet flexibility (very low leverage), modestly improving short-term technical momentum, and an earnings call that reiterated guidance with some product/pipeline progress but still showed near-term revenue and segment headwinds.
Positive Factors
Balance Sheet Strength
Very low leverage (debt-to-equity ~0.02) provides durable financial flexibility: it reduces refinancing pressure, allows management to fund product investment or absorb revenue volatility, and supports strategic optionality while profitability recovers.
Negative Factors
Deep Negative Profitability
Despite high gross margins, the company shows deeply negative operating and net margins. A persistently weak cost structure and large losses erode returns on equity and limit retained earnings, constraining the firm’s ability to self-fund growth and deliver durable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage (debt-to-equity ~0.02) provides durable financial flexibility: it reduces refinancing pressure, allows management to fund product investment or absorb revenue volatility, and supports strategic optionality while profitability recovers.
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
$278.48M
Dividend YieldN/A
Average Volume (3M)497.79K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees1,850
SectorGeneral
Sector StrengthN/A
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-2.48
Shares Outstanding72,332,660
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$8.00Price Target Upside135.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.19
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 monetizing its technology-focused audience and intent data through marketing and demand-generation services sold to enterprise technology vendors. A core revenue stream is selling marketing programs that deliver...
TechTarget, Inc. Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: the company is making clear strategic progress — expanding its pipeline, launching AI‑enabled products, showing stronger large‑account traction, improving operational productivity and maintaining adjusted EBITDA margin stability — while facing near‑term headwinds including a Q2 revenue decline (‑3.2% YoY), softness in Intelligence & Advisory, modest EBITDA contraction in Q2, working capital/cash flow constraints and continued market caution. Management reiterated 2026 guidance and highlighted confidence in H2 pipeline conversion, suggesting cautious optimism but not a decisive turnaround yet.Positive Updates
Revenue Resilience — H1 Broadly Flat
First half 2026 revenue of $222.2M was broadly flat year‑over‑year, reflecting modest growth in Q1 offset by a softer Q2.
Negative Updates
Q2 Revenue Decline
Q2 2026 revenue was $116.1M, down 3.2% year‑over‑year versus $119.9M in Q2 2025, reflecting cautious customer spending and longer decision timelines.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Resilience — H1 Broadly Flat
First half 2026 revenue of $222.2M was broadly flat year‑over‑year, reflecting modest growth in Q1 offset by a softer Q2.
Read all positive updates
Company Guidance
Management reiterated its 2026 outlook, continuing to target full‑year revenue growth and adjusted EBITDA growth with adjusted EBITDA guidance of $95–$100 million; that guidance is supported by H1 revenue of ~$222.2M (Q2 revenue $116.1M, down 3.2% y/y), H1 adjusted EBITDA of $22.4M (Q2 adj. EBITDA $15.1M; Q2 margin 13%; H1 margin 10.1%), H1 Brand‑to‑Demand up 1.2% y/y and Intelligence & Advisory down 5.5% y/y, a backlog broadly flat y/y, a pipeline “materially up” year‑over‑year and versus the Jan‑1 opening, Netline HQL now a multimillion‑dollar product with >50 clients, a 303% y/y expansion with a major software client, studio content bookings up double digits y/y, cash of $45.8M with $120.1M drawn on a $250M revolver, H1 operating cash flow $3.3M and adjusted free cash flow $20M—management cites new AI‑enabled products, partnerships and expected H2 operating leverage as the drivers of their confidence.TechTarget, Inc. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 363.14M | 486.79M | 284.90M | 252.10M | 197.09M | 263.43M |
| Gross Profit | 264.61M | 201.04M | 177.64M | 153.28M | 124.79M | 192.22M |
| EBITDA | -93.28M | -927.42M | -61.43M | 343.00K | 11.78M | 54.80M |
| Net Income | -178.77M | -1.01B | -116.86M | -57.78M | -4.29M | 949.00K |
Balance Sheet | ||||||
| Total Assets | 853.44M | 937.31M | 2.27B | 699.89M | 764.72M | 789.00M |
| Cash, Cash Equivalents and Short-Term Investments | 45.82M | 40.63M | 353.69M | 326.27M | 364.73M | 381.70M |
| Total Debt | 131.66M | 111.25M | 435.98M | 431.16M | 480.16M | 481.29M |
| Total Liabilities | 346.59M | 342.69M | 694.63M | 476.96M | 547.24M | 566.24M |
| Stockholders Equity | 506.86M | 594.62M | 1.57B | 222.93M | 217.47M | 222.76M |
Cash Flow | ||||||
| Free Cash Flow | -4.32M | 15.95M | -71.61M | 57.85M | 24.70M | 34.55M |
| Operating Cash Flow | 5.93M | 16.34M | -64.85M | 72.49M | 28.06M | 35.21M |
| Investing Cash Flow | -20.97M | 58.13M | -79.36M | -93.02M | -354.70M | -57.46M |
| Financing Cash Flow | -756.00K | -311.01M | 409.63M | -98.14M | 330.31M | 23.21M |
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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $998.07M | -32.82 | -7.27% | ― | 9.79% | 53.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $80.71M | -0.17 | 9301.18% | ― | -25.24% | -83.32% | |
51 Neutral | $203.37M | -2.73 | -4.86% | ― | -19.42% | -2894.74% | |
50 Neutral | $278.48M | -1.55 | -32.15% | ― | ― | ― | |
49 Neutral | $210.23M | -1.01 | -39.81% | 24.73% | -10.81% | -409.24% | |
42 Neutral | $42.44M | -14.40 | -5.11% | ― | ― | ― |
* General Sector Average
TTGT
TechTarget, Inc.
3.85
-2.37
-38.10%
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16.94
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2.58
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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...
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.