TTM Technologies (TTMI): Assessing Valuation After Analyst Upgrades on Strong AI and Defense Growth Prospects

TTM Technologies (TTMI) recently drew investor attention after its second quarter results exceeded Wall Street expectations on sales and profits. The upbeat financials have fueled analyst optimism around the company’s outlook, particularly in the AI data center and defense sectors.

See our latest analysis for TTM Technologies.

After exceeding its 12-month analyst price target and reaching a new all-time high, TTM Technologies’ shares have benefited from growing interest in the company’s AI data center and defense business momentum. With a 1-year total shareholder return of 2.2% and a steady climb to a closing price of $59.18, sentiment appears to be building on the back of stronger fundamentals and renewed growth optimism.

If the shift toward critical tech sectors has you searching for more ideas, you can discover other industry leaders with our See the full list for free.

But with the stock setting new highs and attracting bullish analyst calls, the question for investors now is whether TTM Technologies remains undervalued or if the market has already priced in the next stage of growth.

Most Popular Narrative: Fairly Valued

TTM Technologies' last close of $59.18 closely mirrors the consensus narrative's fair value of $59.00. This suggests the market is now in line with analyst expectations, creating an opportunity to examine whether projected growth can support current valuation levels.

Large-scale data center buildouts announced by tech giants (e.g., Google, CoreWeave, Meta) and TTM's new Wisconsin facility position the company to capture outsized demand for advanced PCBs and interconnects required for AI and cloud infrastructure. This directly supports revenue growth and long-term customer relationships.

Read the complete narrative.

Want to know what drives this eye-level price? Analysts are betting on a growth surge from next-gen tech infrastructure and operating margin leaps. The financial road map behind the fair value includes some aggressive forecasts you’ll want to see for yourself. Which strategic bets could move the needle most? Only the narrative reveals the full set of projections.

Result: Fair Value of $59.00 (ABOUT RIGHT)

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

However, ongoing operational challenges at new facilities and higher-cost U.S. expansions could put pressure on future margins and test confidence in TTM’s growth story.

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

Build Your Own TTM Technologies Narrative

If you have your own perspective or want to dig deeper into the numbers, you can easily craft your own take in just a few minutes. Do it your way.

A great starting point for your TTM Technologies research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

Looking for More Investment Ideas?

If you want to get ahead of the market, don’t sit out the next breakthrough. There are smart opportunities waiting that you won’t want to overlook.

• Unlock new income possibilities by targeting consistent yield with these 19 dividend stocks with yields > 3%, perfect for investors seeking steady returns in any market.
• Stay at the forefront of tech innovation by checking out these 26 quantum computing stocks, where tomorrow’s computing leaders are shaping the next era.
• Catalyze your portfolio’s growth by spotting steeply undervalued potential in these 896 undervalued stocks based on cash flows, revealing stocks that could be tomorrow's winners.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com