TechTarget Inc (NASDAQ:TTGT) Maintains "Buy" Rating Amid Market Challenges

• Needham maintains a "Buy" rating for TechTarget Inc (NASDAQ:TTGT), adjusting the price target from $40 to $25.
• The company projects a 3.4% year-over-year growth in revenue, reaching $512 million, and $98 million in adjusted EBITDA for fiscal year 2025.
• TechTarget's stock price currently stands at $12.56, with a market capitalization of approximately $897.5 million.

TechTarget Inc (NASDAQ:TTGT) is a company that provides specialized online content and marketing services for technology vendors. It operates in a competitive landscape, with peers like Gartner and Forrester Research. On April 1, 2025, Needham maintained its "Buy" rating for TTGT, with the stock priced at $12.76, as highlighted by Benzinga.

Despite macroeconomic challenges and valuation compression, TechTarget's growth prospects remain strong. Needham analyst Joshua Reilly adjusted his price forecast, lowering the target from $40 to $25. The company is expected to align its fiscal year 2025 guidance with consensus estimates, projecting $512 million in revenue, a 3.4% year-over-year growth, and $98 million in adjusted EBITDA.

Management is cautious due to potential downturns in sales and marketing, as well as broader macroeconomic headwinds anticipated in early 2025. Key areas of focus include integration progress and realizing $25 million in cost synergies. TechTarget is expected to report a fourth-quarter performance in line with expectations, although guidance has not yet been updated to account for one month of revenue from Informa Tech following their merger on December 2nd.

The current stock price of TTGT is $12.56, reflecting a decrease of 1.57% or $0.20. Today, the stock has traded as low as $12.41 and as high as $12.71. Over the past year, TTGT has reached a high of $35.10 and a low of $12.41. The company's market capitalization stands at approximately $897.5 million, with a trading volume of 13,694 shares on the NASDAQ exchange.