TETRA Technologies stock price target raised to $9 by Stifel on Eos Energy growth

Investing.com - Stifel has raised its price target on TETRA Technologies Inc. (NYSE:TTI) to $9.00 from $6.50 while maintaining a Buy rating on the stock. The company’s shares, currently trading at $7.04, have shown remarkable momentum with a 96.65% gain year-to-date and are trading near their 52-week high of $7.24.

The price target increase follows TETRA’s Investor Day, where the company presented 2030 EBITDA targets of $300-350 million, significantly higher than Stifel’s 2025 forecast of $104 million. The company currently maintains a healthy EBITDA of $98.96 million and boasts a "GREAT" financial health score according to InvestingPro, which offers 13 additional investment tips for this stock.

Stifel identified two critical growth drivers for TETRA: sales of high-purity zinc bromide to Eos Energy (NASDAQ:EOSE) and water desalination opportunities.

The firm cited increasing confidence in Eos Energy’s ability to ramp up production as a key factor in the revised valuation, which now incorporates 2027 projections that include "robust growth" from the Eos relationship.

The new valuation represents a 38.5% increase from Stifel’s previous price target, reflecting the analyst’s long-term growth expectations for TETRA Technologies.

In other recent news, Tetra Technologies Inc . reported its Q2 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share of $0.09, exceeding the forecasted $0.08, and revenue reached $174 million, slightly above the predicted $173.65 million. Additionally, Tetra Technologies has appointed Katherine Kokenes as vice president and chief accounting officer, a role she will assume immediately. Elijio Serrano will continue as senior vice president, chief financial officer, and principal financial officer.

Stifel has reiterated its Buy rating for Tetra Technologies with a price target of $6.50, following the company’s investor day presentation. The management team outlined growth strategies, setting an ambitious 2030 adjusted EBITDA target of $325 million. This target represents a significant increase from Stifel’s 2025 EBITDA estimate of $103.8 million. Stifel’s analysis also highlighted strong expectations for future sales of Tetra’s PureFlow product. These developments reflect ongoing investor interest and strategic planning within the company.

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