TechTarget Inc (NASDAQ: TTGT) stock closed at $34.81 on 1/12/24 after a major decline of -12.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 313% of normal. The stock has risen 2.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TTGT is expected to continue to be a Value Builder.
TechTarget has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. TechTarget has a slightly negative Power Rating of 37 and a slightly negative Appreciation Score of 31, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment