Stifel lowers TTM Technologies price target to $165 and raises full‑year sales guidance
Stifel cut its price target for TTM Technologies to $165 from $205 while keeping a Buy rating. The company posted third‑quarter 2026 revenue of $1.20 billion, a 60% year‑over‑year increase, and adjusted earnings per share of $1.46, surpassing analysts’ forecasts. Adjusted EBITDA margin rose above 20% for the first time. TTM also lifted its full‑year 2026 sales outlook to $4.47‑$4.49 billion and announced $400 million of additional capacity spending.
Why it matters
The lower price target signals Stifel’s more modest valuation expectations despite strong quarterly results, which may temper investor enthusiasm. The raised sales guidance and capacity investment indicate the company expects continued demand growth, potentially supporting future earnings.
Key facts
- 1Stifel reduced its price target for TTM Technologies to $165, down from $205. investing.com
- 2The analyst firm kept a Buy rating on the stock. investing.com
- 3Third‑quarter 2026 revenue was $1.20 billion, up 60% year‑over‑year. investing.com
- 4Adjusted earnings per share for the quarter were $1.46, exceeding consensus estimates. investing.com
- 5Adjusted EBITDA margin exceeded 20% for the first time. investing.com
- 6Full‑year 2026 sales guidance was raised to a range of $4.47 billion‑$4.49 billion. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.