TechTarget allows technology sales and marketing teams to leverage real-time purchase intent data to more intelligently engage technology buyers and prioritize follow-up based on active projects, technical priorities and business needs. The company was founded in 1999 and is based in Newton, Massachusetts.
TTGT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for TechTarget Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that TechTarget Inc ranked in the 46th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for TTGT, they are:
Interest coverage, a measure of earnings relative to interest payments, is 32.91; that's higher than 87.4% of US stocks in the Technology sector that have positive free cash flow.
The business' balance sheet reveals debt to be 9% of the company's capital (with equity being the remaining amount). Approximately merely 18.97% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
TTGT's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 48.7% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as TTGT, try NTCT, DBD, GIB, IAC, and ICHR.