TechTarget falls after JP Morgan downgrade

Techtarget

10/06/2025 09:52

** 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

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))