Analysts have increased their price target for TTM Technologies from $62.75 to $75.50. They cite sustained outperformance, greater confidence in future AI-driven growth, and improving financial metrics as factors driving the company's robust outlook.

Analyst Commentary

Analysts remain highly positive on TTM Technologies' outlook, as reflected by recent price target increases and continued Buy ratings. The company's strong recent results and upbeat guidance have reinforced confidence in its future performance and valuation.

• Bullish analysts note that TTM Technologies delivered an excellent third quarter, exceeding expectations and providing fourth-quarter guidance that surpassed consensus estimates.
• There is increasing conviction that the favorable trends in demand, product mix, pricing, and execution will persist into upcoming quarters. This is expected to further strengthen revenue and margin trajectories.
• The data center business continues to demonstrate robust growth, supporting both near-term revenue and longer-term prospects driven by AI advancements.
• Higher confidence in AI-related growth for 2026 is expected to support margin expansion and improve the company’s earnings outlook.

• Bearish analysts remain focused on maintaining caution regarding the sustainability of recent performance improvements, especially as positive drivers like demand mix and pricing could normalize over time.
• There is ongoing scrutiny around execution risks, particularly if growth in the data center or AI markets falls short of current expectations.
• Valuation sensitivity is noted, with continued outperformance largely priced into targets. This leaves less margin for error if market trends shift unexpectedly.

What's in the News

• New CEO appointed: Edwin Roks, Ph.D., will become Chief Executive Officer effective September 2, 2025. He will succeed Thomas T. Edman, who will transition to an advisory role and remain on the Board and Government Security Committee. (Key Developments)
• The company provided earnings guidance for Q4 2025, with estimated net sales between $730 million and $770 million. (Key Developments)
• The company launched ultra small RF crossover and splitter components, expanding offerings for Telecom, Test and Measurement, and Mil-Aero sectors. These new products offer enhanced performance for high-frequency and broadband applications. (Key Developments)

Valuation Changes

• The consensus analyst price target has increased from $62.75 to $75.50, reflecting greater confidence in the company's future prospects.
• The discount rate has risen slightly from 8.72% to 8.80%, indicating a marginally higher perceived risk or cost of capital.
• Revenue growth projections have moved up from 7.50% to 7.80%, signaling improved expectations for top-line expansion.
• Net profit margin has increased from 8.18% to 8.49%, suggesting analysts anticipate enhanced profitability.
• The future P/E has climbed from 32.07x to 35.14x, pointing to a higher earnings multiple ascribed to future performance.