Tetra Tech stock rating reiterated at Overweight by KeyBanc

Investing.com - KeyBanc has reiterated its Overweight rating and $43.00 price target on Tetra Tech (NASDAQ:TTEK) following meetings with the company’s executives last week. The target represents a 21% upside from current levels, with analyst targets ranging from $40 to $48. According to InvestingPro data, the stock currently trades at a P/E ratio of 44.6x.

The investment firm’s analyst Sangita Jain maintained the rating after hosting meetings with Tetra Tech’s CFO Steve Burdick and VP of Corporate Finance and Treasurer Jim Wu in New York City and Boston.

Discussions during these meetings focused on several key topics, including Tetra Tech’s growth strategy following the collapse of USAID, potential drivers for accelerated margin expansion, and new growth avenues to compensate for the USAID gap.

The meetings also covered capital allocation opportunities and the potential for mergers and acquisitions as part of the company’s future strategy.

Despite adjusting estimates lower based on these detailed conversations, KeyBanc maintained its $43 price target for the environmental and engineering consulting firm.

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, outperforming the forecasted $0.38, which represents a 13.16% surprise. Revenue figures were also strong, reaching $1.37 billion, significantly higher than the anticipated $1.15 billion, marking a 19.13% surprise. These results indicate robust performance for the quarter. Despite the positive earnings and revenue outcomes, the company’s stock showed a slight decline in value. These recent developments highlight Tetra Tech’s ability to exceed market expectations.

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