
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. has demonstrated significant growth across various sectors, with its Networking business experiencing a 35% increase in sales and expected to see a further 14% rise in Q4, bolstered by AI advancements. The Data Center Computing segment also showed robust performance, with a 44% year-over-year increase in sales, underlining the company's strong foothold in the technology market. Additionally, TTM's Aerospace and Defense (A&D) segment exceeded expectations with a 20% year-over-year growth, driven by an accelerated demand for printed circuit boards and integrated electronics, indicating a healthy trajectory for the company overall.
Bears say
TTM Technologies is experiencing a decline in revenue within its automotive segment, which constitutes approximately 11% of its total revenue, with a year-over-year drop of 9%, while the company anticipates growth primarily in its Military, Industrial, and Infrastructure (MII) segment. Additionally, TTM's leverage ratio improved to 1.0x but remains below its target range of 1.5x-2.0x, indicating challenges in managing debt levels effectively. The potential for a cyclical downturn in GDP growth poses significant risks to TTM’s operating results, particularly if it fails to successfully integrate acquisitions, which could lead to unfavorable financial outcomes.
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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