The underlying tendency is to the upside for shares in TechTarget, Inc. and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated. Investors have an opportunity to buy the stock and target the $ 58.
In a short-term perspective, the company has interesting fundamentals.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
Sales forecast by analysts have been recently revised upwards.
For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The tendency within the weekly time frame is positive above the technical support level at 27.78 USD
The stock is close to a major daily resistance at USD 44.07, which should be gotten rid of so as to gain new appreciation potential.
With an expected P/E ratio at 75.02 and 54.81 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
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