
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. demonstrated robust performance with significant year-over-year revenue growth across multiple segments, including a notable 44% increase in Data Center Computing and a 35% surge in the Networking business, both benefiting from emerging AI market trends. The Aerospace and Defense (A&D) sector, contributing approximately 45% of Q3 revenues, exceeded expectations with a 20% growth compared to prior year results, indicative of strong demand and effective order management. Additionally, the Medical, Industrial, and Instrumentation segment achieved a 22% growth year-over-year, underscoring the company's diverse portfolio and resilience in key sectors.
Bears say
TTM Technologies is experiencing declining revenues in its Automotive vertical, which constitutes 11% of its total revenue, with a reported year-over-year decrease of 9%. Despite guidance indicating a growth outlook of approximately 23% in its MII segment for the upcoming quarter, the lagging performance in the Automotive sector raises concerns about overall revenue stability. The company's net debt to EBITDA leverage ratio has also decreased to 1.0x, which is below its target range of 1.5x-2.0x, indicating potential challenges in managing debt levels and financial health moving forward.
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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