The average of price targets set by Wall Street analysts indicates a potential upside of 77.8% in TTM (TTMI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
TTM Technologies' stronger AI-driven growth and earnings outlook make it more attractive than Amkor Technology despite its premium valuation.
TTM Technologies' AI data-center surge is lifting Commercial sales, margins and backlog as N+M PCB revenues ramp in the second half of 2026.
TTM Technologies is transitioning from a cyclical, commoditized PCB supplier to a backlog-backed, contracted capacity provider with multi-year commitments in defense and data centers. TTMI's record $1.7B defense backlog, 37% YoY revenue growth, and 16.6% EBITDA margin highlight a durable, high-visibility profit mix and structural moat. A $1.2B data center expansion and $1.1B Epiq Solutions acquisition are underpinned by committed customer offtake, supporting a buy rating with 15–20% upside to $131.71.
TTM Technologies' $7B-plus A&D pipeline, $1.7B backlog and 1.3 book-to-bill strengthen visibility into future defense revenue growth.
I'm reiterating TTM Technologies (TTMI) as a Strong Buy, with the price target raised to $281, reflecting 124% upside from $125. Q2 2026 results materially beat guidance: revenue grew 37% y/y to $1.004B, non-GAAP EPS rose 71% to $0.99, and EBITDA margin expanded to 16.6%. Data Center & Networking segment drives acceleration, expected to reach 49% of Q3 2026 sales, with N+M PCB and Ultra-HDI ramps boosting capacity and earnings trajectory.
TTM Technologies surges 237% in a year, while AI data centers, defense growth, European expansion and a lower P/S point to further upside.
TTM Technologies NASDAQ: TTMI said it has agreed to acquire Epiq Solutions in an all-cash transaction valued at $1.1 billion, expanding its radio-frequency and digital signal processing capabilities for aerospace, defense and communications applications.
TTM Technologies is experiencing rapid growth, driven by surging demand in AI infrastructure and data center markets, now 40% of total sales. I expect continued revenue momentum, with Q3'26 guidance of $1.1–$1.14 billion, implying 46–51% YoY growth and a sharp rise in Data Center and Networking sales. New high-margin N+M PCB architecture and ramping Penang facility should further enhance profitability and operational leverage in coming quarters.
TTM Technologies delivered a robust Q2, with data center and networking revenue nearly doubling year-over-year. TTMI's valuation has compressed over 20% since June, creating a more attractive entry point; I upgrade to Buy with a $219 price target. The backlog reached $1.7 billion (1.49x book-to-bill), supporting sustained sales growth, and commercial segment momentum is driven by AI-related demand.
The average of price targets set by Wall Street analysts indicates a potential upside of 50.5% in TTM (TTMI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
TTM (TTMI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.