The leading market experts have placed a mean price target of $10.50 on TechTarget, Inc. (NASDAQ:TTGT) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.10 a share for the upcoming quarter and $0.30 for the current fiscal.
The technical analysis of TechTarget, Inc. plainly substantiates that the 50-day moving average of TechTarget, Inc. is $8.56, and stock is trading $-0.82 points away or -9.54% from its 50-day moving average of $8.56. Further it is trading $-0.07 or -0.88% away its 200-day moving average of $7.81. TechTarget, Inc. (NASDAQ:TTGT) 52-week high is $10.00 and the 52-week low is $5.98.
This explains if the stock moves $-2.26, it will post a 52-week high. In event of +29.43% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of TechTarget, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, TechTarget, Inc. (NASDAQ:TTGT) ratio came in at 40.52.
The stock last ended the trading session at $7.74 and registered a market cap of $210.68M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. TechTarget, Inc. (NASDAQ:TTGT) PEG ratio is at 1.03.
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