
TTM Technologies (TTMI) Stock Forecast & Price Target
TTM Technologies (TTMI) Analyst Ratings
Bulls say
TTM Technologies Inc. is showcasing robust growth across its key business segments, with the Data Center Computing segment achieving a remarkable 44% year-over-year sales increase, contributing significantly to Q3 revenues. Additionally, the Aerospace and Defense (A&D) business experienced a strong 20% growth year-over-year, outperforming guidance expectations, further driven by increased demand for PCBs and integrated electronics. The consistent positive performance in areas such as Networking and Medical, Industrial & Instrumentation, which saw sales growth of 35% and 22% respectively, supports a favorable outlook for the company’s financial trajectory.
Bears say
TTM Technologies is experiencing a challenging environment, particularly within its Automotive vertical, which constitutes 11% of its revenues and saw a year-over-year decline of 9%. Although the company anticipates 23% growth in its Military, Industrial, and Infrastructure (MII) segment in Q4, the weak performance in the Automotive sector raises concerns about overall revenue stability. Additionally, TTM's leverage ratio of 1.0x is below its target range of 1.5x to 2.0x, indicating potential financial stress that could be exacerbated by an economic downturn or unsuccessful acquisitions, posing risks to the firm’s financial health and operational performance.
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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