
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. is experiencing significant growth across several key business segments, with the Networking sector posting a remarkable 35% increase in sales and the Data Center Computing segment achieving a 44% year-over-year revenue increase, demonstrating strong demand and resilience. Additionally, the Aerospace and Defense (A&D) business has surpassed expectations with a 20% growth compared to the prior year, reflecting solid order pull-forward, indicating robust customer demand and effective supply chain management. Furthermore, the Medical, Industrial & Instrumentation sector reported a 22% year-over-year increase in revenue, underscoring the company's diversified portfolio and its ability to capitalize on opportunities within high-growth markets such as semiconductor testing.
Bears say
TTM Technologies is experiencing challenges, particularly in its automotive segment, which has shown a year-over-year decline of 9%, significantly affecting overall revenue prospects despite an anticipated 23% growth in its MII sector. The company's net debt to EBITDA leverage ratio has decreased to 1.0x, falling below its target range of 1.5x-2.0x, indicating potential financial instability and a weaker balance sheet. Additionally, the company's reliance on various sectors during a cyclical downturn in GDP growth may threaten its operating results, posing further risk to its financial outlook.
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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