Tetra Tech Revenue Forecast Revised Upward: Analyst Eyes Sustained Organic Growth And Funding Tailwinds
Portfolio Pulse from Nabaparna Bhattacharya
KeyBanc Capital Markets analyst Sean Eastman has reiterated an Overweight rating on Tetra Tech, Inc. (NASDAQ:TTEK), raising the price target to $200 from $185. The analyst expects increasing new-order momentum, accelerating EPS growth and material upward estimate revisions over the NTM+. The analyst also raised revenue estimates for FY23 and FY24.
August 11, 2023 | 6:12 pm
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Tetra Tech's price target has been raised by KeyBanc analyst Sean Eastman, who also expects increasing new-order momentum and accelerating EPS growth. Revenue estimates for FY23 and FY24 have also been revised upward.
The news of the raised price target and upward revision of revenue estimates by a KeyBanc analyst is likely to instill confidence in investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100