On 1/11/24, TechTarget Inc (NASDAQ: TTGT) stock enjoyed a major increase of 12.4%, closing at $39.66. Moreover, trading volume in this advance was exceptionally high at 705% of normal. The stock has performed in line with the market over the last nine months and has risen 18.4% during the last week.
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 Value Builder.
TechTarget has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TechTarget has a slightly negative Power Rating of 34 and a slightly negative Appreciation Score of 32, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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