TTM Technologies received a Buy upgrade on August 16, 2026. Analysts set a new price target of $219. The upgrade follows a share price decline of more than 20% since mid-June.
Second-quarter revenue from data center and networking sectors nearly doubled year-over-year. AI-related demand drove this performance. The company reports a $1.7 billion backlog.
The current book-to-bill ratio stands at 1.49x. Analysts project significant margin expansion and earnings per share growth. The stock trades at 28.9x forward earnings.
Estimates for 2027 indicate a potential 56% upside. This outlook follows an August 10 filing showing an SVP sold $3.7 million in stock.