TechTarget price target lowered to $24 from $36 at Lake Street

Lake Street lowered the firm’s price target on TechTarget (TTGT) to $24 from $36 and keeps a Buy rating on the shares. The Informa Tech business combination closed on December 2 and the firm is updating 2025 estimates to reflect the transaction. While Lake Street says scale from the Informa Tech combination is “the right move,” the firm adds that its new 2025 estimates “acknowledge the reality of the current enterprise spending environment.”