Recent extremely meaningful negative changes in investment behavior have impacted TechTarget Inc (NASDAQ: TTGT): the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Recent meaningful negative changes in fundamentals have impacted TechTarget Inc (NASDAQ: TTGT): the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TTGT is expected to continue to be a major Value Builder.
TechTarget has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TechTarget has a poor Power Rating of 30 and a very low Appreciation Score of 12, producing the Lowest Value Trend Rating.
Recent Price Action
TechTarget Inc (NASDAQ: TTGT) stock closed at $29.02 on 8/8/24 after a modest gain of 0.6%. Trading volume in this advance was normal. The stock has declined -9.3% during the last week and has been weak relative to the market over the last nine months.
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