
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. has demonstrated robust growth across its business segments, with the Data Center Computing segment seeing a remarkable 44% year-over-year increase in sales, highlighting its critical role in current technology trends. Additionally, the aerospace and defense (A&D) sector, constituting approximately 45% of third-quarter revenues, surpassed expectations with a 20% year-over-year growth, driven by early demand for PCB and integrated electronics orders. Further supporting a positive outlook, the Medical, Industrial & Instrumentation sector grew by 22% year-over-year, reflecting strong demand particularly in the semiconductor testing market.
Bears say
TTM Technologies is facing challenges as its automotive segment, which accounts for 11% of revenue, is projected to decline by 11% year-over-year, contrasting sharply with a forecasted 23% growth in its MII segment for Q4. Financial metrics indicate the company's net debt to EBITDA leverage ratio is currently at 1.0x, which is below its targeted range of 1.5x to 2.0x, suggesting potential financial strain. Furthermore, the possibility of unsuccessful acquisitions and a cyclical downturn in GDP growth pose significant risks to the firm's operational performance and overall financial stability.
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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