TechTarget price target lowered to $34 from $41 at Craig-Hallum

Craig-Hallum analyst Jason Kreyer lowered the firm’s price target on TechTarget to $34 from $41 and keeps a Hold rating on the shares. Trends appear to have stabilized, with TechTarget guiding to flat year over year growth in Q2, signaling optimism for the Informa Tech merger to coincide with a return of spend in the market, where the combined company would have significant footprint and data scale, in addition to AI applications rolling out, the analyst tells investors in a research note.