
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. has demonstrated robust financial performance, with a notable year-over-year revenue increase of 14% in Q4, reaching $651 million and surpassing both guidance and consensus estimates. The company reported a significant EBITDA growth of 35% year-over-year, amounting to $109 million, while maintaining a strong A&D book-to-bill ratio of 1.14 and achieving a record A&D program backlog of $1.56 billion. Additionally, TTM's Networking segment reflected a strong recovery with approximately 34% year-over-year growth, driven largely by demand related to artificial intelligence and new product introductions.
Bears say
TTM Technologies Inc. has experienced a decline in key financial metrics, with its adjusted gross margin decreasing to 20.5%, down 150 basis points quarter-over-quarter, reflecting challenges during the Penang startup phase. Additionally, the company's book-to-bill ratio fell to 1.09 in Q4 from 1.20 in Q3, indicating a contraction in order demand, while the 90-day backlog decreased to $613 million, excluding potential cancellations. Furthermore, the operating margin also suffered a decline of 170 basis points to 10.4%, amid a weak demand environment and inventory destocking in the Medical, Industrial & Instrumentation segment, which constitutes 13% of sales.
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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