Benchmark Raises Price Target on TechTarget (TTGT) by 25%, Sees Sustained Long-Term Growth
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Price: $4.27 -0.93%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade TTGT Now!
Benchmark is reiterating its Buy rating on TechTarget, Inc. (NASDAQ: TTGT) and is boosting its price target 25 percent to $10.
The company continues to expand organically and remains the firms top pick for investors who are looking for a small cap online online vertical content, with no exposure to third-party network dynamics.
TTGT is scheduled to announce its Q4 results on February 15 following the closing bell. The firm forecasts EPS of $0.12 on $29.5 million in revenues. Benchmark anticipates the strong signs will continue into 2012 and estimates earnings of $0.44 per share on $121 million in revenues for the fiscal year.
"We believe TechTarget will deliver solid and sustained growth over the short- and long-term," reports an analyst at Benchmark. "TechTarget’s key growth drivers are benefits from the new Activity Intelligence platform, international expansion, increased spending on branding products and the secular shift of offline to online advertising."
For an analyst ratings summary and ratings history on TechTarget, Inc. click here. For more ratings news on TechTarget, Inc. click here.
Shares of TechTarget, Inc. closed at $7.14 yesterday, with a 52 week range of $4.85-$9.77.
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The company continues to expand organically and remains the firms top pick for investors who are looking for a small cap online online vertical content, with no exposure to third-party network dynamics.
TTGT is scheduled to announce its Q4 results on February 15 following the closing bell. The firm forecasts EPS of $0.12 on $29.5 million in revenues. Benchmark anticipates the strong signs will continue into 2012 and estimates earnings of $0.44 per share on $121 million in revenues for the fiscal year.
"We believe TechTarget will deliver solid and sustained growth over the short- and long-term," reports an analyst at Benchmark. "TechTarget’s key growth drivers are benefits from the new Activity Intelligence platform, international expansion, increased spending on branding products and the secular shift of offline to online advertising."
For an analyst ratings summary and ratings history on TechTarget, Inc. click here. For more ratings news on TechTarget, Inc. click here.
Shares of TechTarget, Inc. closed at $7.14 yesterday, with a 52 week range of $4.85-$9.77.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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