Needham Believes TechTarget (NASDAQ: TTGT) Still Has Room to Grow

By Austin Angelo

In a report released today, Kerry Rice from Needham reiterated a Buy rating on TechTarget (NASDAQ: TTGT), with a price target of $17. The company’s shares closed yesterday at $13.92, close to its 52-week high of $14.33.

According to, Rice is a 5-star analyst with an average return of 20.7% and a 65.3% success rate. Rice covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Limelight Networks.

TechTarget has an analyst consensus of Moderate Buy, with a price target consensus of $15.

TechTarget’s market cap is currently $384.2M and has a P/E ratio of 114.00. The company has a book value ratio of 3.2466.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Leonard Forman, a Director at TTGT sold 5,000 shares for a total of $66,900.

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TechTarget, Inc. engages in the provision of online content for buyers of enterprise information technology products and services. It also offers purchase-intent marketing and sales services for enterprise technology vendors. Its products portfolio includes demand generation, brand consideration, sales enablement, and marketing intelligence.