TechTarget price target raised to $41 from $32 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on TechTarget to $41 from $32 and keeps a Buy rating on the shares after the company announced a strategic combination with Informa Tech’s digital businesses. The firm, which sees “immediate value creation” in TechTarget’s strategic combination with an Informa carve-out, likes the deal, which it notes is expected to close in the second half of 2024.