TTM Technologies Targets Raised to $108 and $126 on PCB Demand
Stifel raised its 2027 price target on TTM Technologies to $108 from $72, forecasting H2 2026 profitability gains as production volumes rise and complex PCBs command higher prices. B. Riley lifted its target to $126 from $123 after Q4 revenue and EBITDA beat estimates on strong data-center and defense demand.
1. Analyst Price Target Upgrades
Stifel increased its target to $108 from $72, projecting enhanced profitability in H2 2026 driven by higher production volumes and complex PCB pricing leverage. B. Riley also raised its target to $126 from $123, citing Q4 outperformance as justification for a higher valuation.
2. Q4 Performance Highlights
In Q4, TTM Technologies reported EPS of $0.70 versus the $0.68 consensus and generated revenue that exceeded expectations. The outperformance reflected strong orders for compact PCBs used in high-capacity data centers and elevated defense sector spending.
3. Q1 Guidance and Market Reaction
For Q1, TTM Technologies forecast EPS between $0.64 and $0.70, above the $0.61 consensus, indicating continued margin expansion. Options market activity suggests potential for a 6.9% share price increase as investors price in the upbeat guidance.