
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. has demonstrated substantial growth across several key segments, with the networking business experiencing a 35% increase in sales and anticipations of a 14% rise in Q4, bolstered by favorable AI trends. The data center computing sector also showed impressive performance, with sales rising 44% year-over-year, which underscores the increasing demand in crucial technology applications. Additionally, the aerospace and defense business showcased a significant 20% year-over-year growth, exceeding guidance expectations, indicating a strong order influx and solidifying TTM's position in the market.
Bears say
TTM Technologies has presented a mixed outlook for its business, notably experiencing a decline in the automotive vertical, which comprises 11% of its revenue, where sales fell 9% year-over-year. Despite projecting 23% growth in manufacturing and industrial revenue for Q4, concerns remain due to a potential global recession that could impact demand across multiple market verticals. Additionally, TTM's current net debt to EBITDA leverage ratio of 1.0x is below its target range, indicating further financial strain and limiting its ability to manage leverage effectively.
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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