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Investing.com - Truist Securities lowered its price target on TAT Technologies (NASDAQ:TATT) to $52.00 from $56.00 on Friday, while maintaining a Buy rating on the aerospace components provider. Despite trading at $38.86, TAT still shows a 13% upside to the analyst’s target, though InvestingPro data suggests the stock appears overvalued at current levels.
The firm cited TAT’s third-quarter 2025 results, which showed EBITDA margin expansion and solid mid-teens growth. Landing gear operations recovered significantly during the quarter, while auxiliary power unit (APU) related revenues jumped 39% year-over-year. Overall revenue growth reached 20.72% for the last twelve months, with EBITDA of $22.4 million.
Truist expects ongoing operational efficiencies and increased volumes to help TAT’s margins continue improving in upcoming periods. The firm noted that TAT’s penetration into the narrow body APU market will likely be more of a 2026 development, as management has been "slowly and methodically entering the market." With a PEG ratio of 0.44, TAT is trading at a low P/E relative to near-term earnings growth, according to InvestingPro data.
The research firm also anticipates TAT will pursue tuck-in acquisitions to strengthen existing capabilities and potentially add new ones. These acquisitions are expected to be in-line with or slightly accretive to margins.
Despite the price target reduction from $56.00 to $52.00, Truist maintained its Buy rating on TAT Technologies stock.
In other recent news, TAT Technologies reported its third-quarter earnings for 2025, with revenue increasing by 14% year-over-year to $46.2 million. However, the company narrowly missed its revenue forecast of $46.25 million. Earnings per share met expectations at $0.37. Following these results, Stifel raised its price target for TAT Technologies from $44 to $47, maintaining a Buy rating on the stock. This adjustment comes after the company showed sequentially increasing revenues and margins, continuing a trend of quarterly improvements. These developments reflect TAT Technologies’ ongoing operational enhancements and market position.
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