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Investing.com - Truist Securities has reiterated its Buy rating and $60.00 price target on TTM Technologies (NASDAQ:TTMI), citing significant growth opportunities driven by artificial intelligence. The stock, currently trading at $46.04 with a market capitalization of $4.75 billion, has shown remarkable momentum with a 156% return over the past year.
The research firm highlighted that TTM Technologies faces an unusual opportunity to accelerate both sales and earnings per share growth over the next few years, primarily from AI-related business. This outlook is supported by the company’s recent 14.24% revenue growth and strong financial health score. InvestingPro analysis reveals 13 additional key insights about TTMI’s growth potential.
Truist maintained its calendar year 2026 EPS estimate of $2.73 for the company, with its price target based on a 22x multiple.
The firm noted potential for annualized EPS to reach $3.25 or higher by the end of 2026 if various projects materialize, including AI revenue growth, Penang capacity expansion, and Syracuse capacity development.
Truist Securities also acknowledged that pursuing this growth opportunity comes with risks related to fixed capital investment in China.
In other recent news, TTM Technologies reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved earnings per share of $0.58, exceeding the forecasted $0.52, and reported revenue of $730.6 million, which was significantly higher than the anticipated $668.48 million. This revenue figure represents a 21% increase compared to the same period last year. Additionally, TTM Technologies announced the appointment of Edwin Roks, Ph.D., as its new President and Chief Executive Officer, effective September 2, 2025. Roks will take over from Thomas T. Edman, who is retiring after serving as CEO since 2014. Edman will transition to an advisory role to the Chairman until January 1, 2026, and will continue to serve on the company’s Board and Government Security Committee thereafter. These developments mark a significant period of transition and growth for TTM Technologies.
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