
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. has demonstrated robust growth across its various business segments, with the networking business increasing by 35% year-over-year for Q3 and projected to maintain a 14% increase into Q4, largely driven by the AI market. The data center computing segment also showed significant performance, with a remarkable 44% year-over-year revenue increase, reinforcing TTM's strong positioning within high-demand sectors. Additionally, the Aerospace and Defense (A&D) segment exceeded expectations with a 20% year-over-year growth, indicating strong demand for TTM's technology solutions in multiple industries, including medical and industrial applications.
Bears say
TTM Technologies Inc. is experiencing declining sales in its Automotive vertical, which accounts for 11% of its revenue, reflecting a 9% year-over-year decrease. Although the company anticipates a 23% growth in its MII segment for Q4, the overall outlook is tempered by concerns regarding potential global recession risks and weakening demand across major market verticals. Additionally, TTM's net debt to EBITDA leverage ratio is currently at 1.0x, below its target range of 1.5x-2.0x, indicating potential financial strain.
This aggregate rating is based on analysts' research of TTM Technologies and is not a guaranteed prediction by Public.com or investment advice.
TTM Technologies (TTMI) Analyst Forecast & Price Prediction
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