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Posted On: 05/05/2017 2:13:50 PM
Post# of 2218
$TTGT The Best Cheap Stocks to Buy for $10 or Less: TechTarget (TTGT)
Stock Price: ~$9.35
TechTarget Inc (NASDAQ:TTGT) may not be long for this list itself. It’s in the mid-$9 range right now amid a steady (if unspectacular) uptrend since August.
Fundamentally, the stock looks sound as well. TechTarget operates websites focused on the IT industry, and then sells its subscriber base as leads to vendors such as Cisco Systems, Inc. (NASDAQ:CSCO). But TechTarget’s reach is such that its leads are incredibly focused. Its new IT Deal Alert product actually tells manufacturers when entire departments are looking for major installations — a huge selling edge, and a valuable offering from TechTarget.
IT Deal Alert revenue grew 36% in 2016, and should drive roughly 40% of total sales in 2017, significantly boosting TechTarget’s overall growth profile. Incremental margins are extremely healthy, and there’s a case that TTGT should trade above $20 by the end of the decade if it hits the low end of management targets.
There’s even a natural acquirer in J2 Global Inc (NASDAQ:JCOM). JCOM last year took out Everyday Health — a company with a similar model as TechTarget, albeit in consumer health rather than IT.
All told, TechTarget is one of the best cheap stocks to buy thanks to its solid but little-understood growth story. As more investors realize the opportunity, it seems likely that TTGT won’t trade under $10 for too much long.
Stock Price: ~$9.35
TechTarget Inc (NASDAQ:TTGT) may not be long for this list itself. It’s in the mid-$9 range right now amid a steady (if unspectacular) uptrend since August.
Fundamentally, the stock looks sound as well. TechTarget operates websites focused on the IT industry, and then sells its subscriber base as leads to vendors such as Cisco Systems, Inc. (NASDAQ:CSCO). But TechTarget’s reach is such that its leads are incredibly focused. Its new IT Deal Alert product actually tells manufacturers when entire departments are looking for major installations — a huge selling edge, and a valuable offering from TechTarget.
IT Deal Alert revenue grew 36% in 2016, and should drive roughly 40% of total sales in 2017, significantly boosting TechTarget’s overall growth profile. Incremental margins are extremely healthy, and there’s a case that TTGT should trade above $20 by the end of the decade if it hits the low end of management targets.
There’s even a natural acquirer in J2 Global Inc (NASDAQ:JCOM). JCOM last year took out Everyday Health — a company with a similar model as TechTarget, albeit in consumer health rather than IT.
All told, TechTarget is one of the best cheap stocks to buy thanks to its solid but little-understood growth story. As more investors realize the opportunity, it seems likely that TTGT won’t trade under $10 for too much long.
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