
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. demonstrated robust growth across its business segments, with the Aerospace & Defense (A&D) segment contributing approximately 41% of Q4 revenues, which increased 5% year-over-year. The Data Center Computing segment exhibited exceptional performance, with sales soaring 57% year-over-year and management projecting a further increase of 66% year-over-year in Q1 at the midpoint of guidance. Additionally, the Medical, Industrial & Instrumentation segment also showed strong growth, rising 28% year-over-year in Q4, underscoring the company’s diverse revenue streams and potential for continued expansion.
Bears say
TTM Technologies Inc. experienced a significant decline in cash flow from operations, totaling $62.9 million in Q4 compared to $86.0 million in the previous year, indicating potential challenges in operational efficiency. Free cash flow also dropped sharply to $11.7 million in Q4 from $33.3 million a year earlier, and annual free cash flow fell to $17.9 million down from $84.0 million, primarily due to increased capital expenditures in certain verticals, which raises concerns about financial sustainability. Additionally, while the company's net debt to EBITDA leverage ratio improved slightly, it remains below the targeted range of 1.5x-2.0x, suggesting the company may be under financial strain and could face obstacles if acquisitions do not yield expected returns.
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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