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Investing.com - RBC Capital has lowered its price target on Tetra Tech (NASDAQ:TTEK) to $47.00 from $48.00 while maintaining an Outperform rating on the stock. According to InvestingPro data, the company currently trades at a P/E ratio of 41.6x, with analyst targets ranging from $40 to $48.
The adjustment follows meetings RBC Capital analyst Sabahat Khan held with Tetra Tech’s Chair and CEO Dan Batrack and VP of Corporate Finance and Treasurer Jim Wu across several European markets.
Key topics discussed during these investor meetings included the expected evolution of demand, particularly in the U.S. market, along with considerations for fiscal year 2026 performance.
The meetings also covered management’s views on fiscal year 2030 guidance metrics and the company’s capital allocation strategy going forward.
Despite the slight reduction in price target, RBC Capital noted that Tetra Tech remains "well positioned to deliver on its F30 top-line and margin targets," suggesting continued confidence in the company’s long-term performance outlook.
In other recent news, Tetra Tech Inc. reported its Q3 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.43, exceeding the forecasted $0.38, which represents a 13.16% surprise. Additionally, Tetra Tech’s revenue reached $1.37 billion, outpacing the expected $1.15 billion, marking a 19.13% surprise. Despite these strong financial results, Tetra Tech’s stock experienced a slight decrease. In analyst updates, KeyBanc reiterated its Overweight rating on Tetra Tech, maintaining a price target of $43.00. This decision followed meetings with Tetra Tech’s executives, including CFO Steve Burdick and VP of Corporate Finance and Treasurer Jim Wu. These developments highlight the company’s recent financial performance and continued confidence from analysts.
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