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Investing.com - RBC Capital raised its price target on Tetra Tech (NASDAQ:TTEK) to $48.00 from $47.00 on Friday, while maintaining an Outperform rating on the environmental and engineering consulting firm’s stock.
The price target adjustment follows Tetra Tech ’s fiscal fourth-quarter results, which exceeded consensus expectations. The company also introduced its fiscal 2026 guidance, which aligned with consensus estimates at the midpoint.
RBC Capital analyst Sabahat Khan described the guidance as a "conservative starting point" given Tetra Tech’s strong track record, while noting that the outlook excludes potential disaster response activity.
The analyst highlighted that with USAID/DoS issues now "in the rear-view mirror," the company can expect "business as usual" operations moving forward.
The price target increase specifically reflects Tetra Tech’s fiscal fourth-quarter performance, according to the research note from RBC Capital.
In other recent news, Tetra Tech Inc. reported its fourth-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.44, exceeding the forecast of $0.40, which represents a 10% surprise. Revenue also outperformed projections, reaching $1.16 billion compared to the anticipated $1.06 billion, marking an increase of 9.43%. These results highlight Tetra Tech’s strong financial performance in the quarter. Additionally, the positive earnings report reflects strong investor confidence. This development is among the recent significant updates about the company.
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