Analyst Expectations For TTM Technologies's Future
Portfolio Pulse from Benzinga Insights
Analysts have recently evaluated TTM Technologies (NASDAQ:TTMI) with a range of bullish ratings. The average 12-month price target has increased by 14.53% to $21.12. Key analysts from B. Riley Securities, Needham, and Stifel have raised their price targets, reflecting positive sentiment. TTM Technologies has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, but faces challenges in debt management.
July 18, 2024 | 2:00 pm
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TTM Technologies has received bullish ratings from analysts, with the average 12-month price target increasing by 14.53% to $21.12. Analysts from B. Riley Securities, Needham, and Stifel have raised their price targets, indicating positive sentiment. The company has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, but faces challenges in debt management.
The increase in the average price target and the bullish ratings from multiple analysts suggest a positive short-term impact on TTMI's stock price. The company's strong financial performance further supports this outlook, although the high debt-to-equity ratio is a potential risk factor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100