TechTarget falls after JP Morgan downgrade
ReutersJun 10, 2025 8:52 AM
TechTarget TTGT.O shares slip 6% to $7.21 in premarket trading
J.P. Morgan downgrades stock to "underweight" from "neutral" rating; cuts PT to Wall St low of $8 from $18
Brokerage sees limited near-term upside for co, citing weak revenue visibility, potential goodwill impairment, and doubts about achieving consistent growth starting in Q3 2025
We do not see TTGT as having attractive near-term investment characteristics - JPM
Two of three brokerages rate the stock "buy" or higher, and one "sell" or lower; median PT is $15 - data compiled by LSEG
Stock down nearly 61% YTD
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