Lake Street lowered the firm’s price target on TechTarget (TTGT) to $24 from $36 and keeps a Buy rating on the shares. The Informa Tech business combination closed on December 2 and the firm is updating 2025 estimates to reflect the transaction. While Lake Street says scale from the Informa Tech combination is “the right move,” the firm adds that its new 2025 estimates “acknowledge the reality of the current enterprise spending environment.”
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Read More on TTGT:
- TechTarget Merges with Informa Tech for Growth Acceleration
- TechTarget Approves Merger and Incentive Plans
- TechTarget announces shareholder approval for Informa deal
- TechTarget price target lowered to $37 from $38 at KeyBanc
- TechTarget price target lowered to $36 from $38 at Lake Street
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
