Assessing TTM Technologies (TTMI) Valuation After A Strong Multi‑Month Share Price Run

Recent performance snapshot

TTM Technologies (TTMI) has drawn investor attention after a period of strong share price moves, with the stock up 16% over the past month and showing a very large gain over the past 3 months.

The company reports revenue of US$3.1b and net income of US$195.3m, with operations spanning aerospace and defense, commercial markets, and RF and components. This gives investors several different end markets to track.

See our latest analysis for TTM Technologies.

Despite a single day share price decline of 2.51% and a softer 7 day move, momentum remains strong, with a 30 day share price return of 15.83% and a year to date gain of 161.78%, while the 1 year total shareholder return is very large.

If this kind of strong move has you thinking about what else might be setting up for a run, it could be worth scanning for companies linked to the build out of computing and communications hardware via our 33 power grid technology and infrastructure stocks.

With TTMI up strongly over 3, 12 and 36 months, and trading about 13% below the average analyst price target but at a premium to some intrinsic estimates, is there still a buying opportunity here, or is the market already pricing in future growth?

Most Popular Narrative: 50.3% Overvalued

TTM Technologies last closed at $184.84, while the most followed narrative sets fair value at $123, which points to a sizable valuation gap in the current share price.

Rising demand from data center computing and networking, where Q3 2025 sales represented 23% of revenue with 44% year-on-year growth and are expected to reach 28% in Q4, points to ongoing AI related PCB content that can support revenue scale and operating earnings.

Read the complete narrative.

Curious what sits behind that AI driven demand story, and how it feeds into revenue growth, margin expansion and future earnings power, without the full picture up front.

Result: Fair Value of $123 (OVERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this AI and defense heavy story can be knocked off course if GenAI infrastructure spending cools, or if major aerospace and defense programs are delayed or cut.

Find out about the key risks to this TTM Technologies narrative.

Next Steps

If this mix of risks and rewards around TTM Technologies feels finely balanced, now is a good time to study the data and decide where you stand. You can start with the 2 key rewards and 1 important warning sign.

Looking for more investment ideas?

If TTMI has sharpened your interest, do not stop here. Broaden your watchlist with other stocks that could fit your goals and risk comfort.

• Target value opportunities that pair quality with attractive pricing by scanning the 47 high quality undervalued stocks.
• Strengthen your income stream by reviewing companies in the 10 dividend fortresses.
• Prioritise resilience and capital protection by checking the 65 resilient stocks with low risk scores.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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