TechTarget assumed with a Neutral at JPMorgan

JPMorgan analyst Ella Smith assumed coverage of TechTarget (TTGT) with a Neutral rating and $18 price target In December, TechTarget finished the combination with the digital business assets of Informa Tech, enabling scale, expertise, technology, and proprietary data, the analyst tells investors in a research note. The firm says that operating in a challenged macro environment, Informa TechTarget is likely to deliver mid-single-digit revenue growth and adjusted EBITDA margins in the low-20s% for the next few years. T