TechTarget upgraded to Buy at Craig-Hallum on merger close, improving macro

As previously reported, Craig-Hallum analyst Jason Kreyer upgraded TechTarget to Buy from Hold with a price target of $36, up from $34. Shares have been under pressure across FY24, but the firm thinks it “gets better from here” as it believes the company’s impending merger with Informa Tech in on track and will close by year-end and believes trends have stabilized and says “some green shoots on macro improvement are becoming visible.”