B.Riley reiterates Buy on TTM Technologies stock after Q3 beat
B.Riley maintained a Buy rating and $208 price target on TTM Technologies (TTMI) after its Q3 results. TTMI reported $1.2B revenue, $242M EBITDA, and $1.46 EPS, with YOY growth of 60% and 101% respectively. The company raised fiscal 2027 guidance and announced $400M in capacity investments. Stifel lowered its price target to $165 but kept a Buy rating.
How this was made
The 30-second read
Why it matters
The earnings beat and guidance raise expectations for continued growth, likely prompting buying interest.
Market read
First‑report earnings with strong beat and guidance raise, offering a clear trade catalyst.
What to watch
Rising input costs for copper clad laminate could pressure margins if pricing cannot keep pace.
Background
TTMI is a mid‑cap PCB and substrate manufacturer serving data center, aerospace, and defense customers.
Ticker impact
TTMI reported Q3 revenue of $1.204B, EPS $1.46, beat expectations and raised FY guidance, prompting B.Riley to reiterate a Buy rating.
likely upward pressure as investors price in the beat and higher guidance
Earnings beat, 60% revenue growth, and a new buy rating with a $208 price target provide clear upside catalysts.
Market effects
Highlights strength in data center and aerospace/defense segments, supporting related suppliers.
Positive for US tech manufacturing sector.
Reinforces demand for advanced PCB and substrate technologies worldwide.
Counterpoint
Stifel cut its price target to $165, suggesting potential overvaluation risk.
Key entities
- AnalystB. Riley
Reiterated Buy rating and set $208 price target.
- AnalystStifel
Reduced price target to $165 while keeping Buy rating.
