TechTarget (TTGT) stock surged 6.14% in pre-market trading on Tuesday, as investors eagerly await the company's first-quarter earnings report scheduled for release after the market closes. The significant uptick suggests that market participants are optimistic about the potential outcomes of the upcoming financial disclosure.
According to the earnings calendar, analysts are expecting TechTarget to report a loss of $0.06 per share for the first quarter. This anticipated result has not deterred investors, who seem to be betting on the possibility of the company outperforming these estimates or providing positive forward guidance.
The pre-market rally in TechTarget's stock price comes amid a broader market context where U.S. stock futures were slightly lower following record highs hit on Wall Street on Monday. This makes TechTarget's surge even more notable, as it bucks the general market trend, highlighting the strong investor interest in the company's upcoming earnings report.
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