Stock Rating Downgrade
The Value Trend Rating for TechTarget Inc (NASDAQ: TTGT) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
TechTarget Inc (NASDAQ: TTGT) stock closed at $30.68 on 3/18/24 after a modest gain of 0.7%. However, unusually low trading volume at 61% of normal accompanied the advance. The stock has declined -1.9% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TTGT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
TechTarget has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. TechTarget has a very low Appreciation Score of 13 but a slightly positive Power Rating of 67, with the Negative Value Trend Rating the result.
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