Benchmark Reiterates Buy on TechTarget

Benchmark is out with its report today on TechTarget TTGT, reiterating Buy. In its report, Benchmark writes, "We believe TechTarget remains well positioned to grow online advertising revenue in 2H11. Channel checks indicate no significant changes in advertising budgets. In addition, TechTarget continues to launch new websites and create innovative marketing tools which could drive organic growth. We reiterate our Buy rating." Benchmark maintains an $8 PT on TTGT. Shares of TTGT closed Thursday at $5.90.