Webull beats Q3 expectations as revenue jumps 55% on strong trading
Investing.com - Needham has raised its price target on TTM Technologies (NASDAQ:TTMI) to $79.00 from $77.00 while maintaining a Buy rating on the stock. This target is near the analyst high of $78, with TTMI currently trading at $67.87, just 5% below its 52-week high of $71.29. InvestingPro data shows TTMI has delivered an impressive 174.22% return year-to-date.
The price target adjustment follows Needham’s non-deal roadshow with TTM’s new CEO Edwin Roks and CFO Dan Boehle. Needham identified Data Center Computing as TTM’s key growth driver in the near term, with robust growth expected to continue into 2026. This aligns with InvestingPro data showing revenue growth of 17.88% over the last twelve months, with analysts expecting net income growth this year.
TTM is adding capacity at its most advanced PCB factories in China to support this growth trajectory. Management has expressed encouragement regarding weekly yield reports from its Penang operations, though Needham noted that the strong DCC growth projected for 2026 does not appear to be dependent on the Penang ramp. The company operates with a moderate debt level and maintains strong liquidity with a current ratio of 1.94, according to InvestingPro data, which shows liquid assets exceeding short-term obligations.
Needham also highlighted multiple growth drivers in the Aerospace & Defense segment over the next one to two years, citing stable organic growth and potential for mergers and acquisitions activity.
The research firm noted that TTM’s new CEO appears satisfied with the company’s current portfolio and is focused on growing higher value-add PCB and components in the Aerospace & Defense and Commercial segments, which aligns with his technology and engineering background.
In other recent news, TTM Technologies reported impressive third-quarter results for 2025, surpassing market expectations. The company achieved a non-GAAP EPS of $0.67, exceeding the forecasted $0.60. Additionally, TTM Technologies reported net sales of $752.7 million, which also beat the expected $711.98 million. These earnings and revenue figures highlight the company’s strong performance during this period. In other developments, two executives from TTM Technologies were recognized at the 2025 IPC CEMAC Electronics Manufacturing Annual Conference in Shanghai. Meising Ho, Vice President of Commercial Technology, received the IPC Asian Standards Steering Committee Outstanding Service Award. Meanwhile, Richard Xie, Vice President of Human Resources for Asia Pacific, was honored with the IPC Asian Education Steering Committee Outstanding Service Award. These awards underscore the leadership and contributions of TTM Technologies’ executives in the industry.
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