TTM Technologies (TTMI) Surges 37% on Buy Reco, PT Hike

We recently published 10 Stock Winners Shocking Wall Street. TTM Technologies Inc. (NASDAQ:TTMI) was one of the top performers last week.

TTM Technologies jumped by 36.7 percent week-on-week, touching a new all-time high, as investors took heart from an investment firm’s 24 percent price target upgrade for its stock.

In its recent coverage, Truist Financial upgraded TTM Technologies Inc.’s (NASDAQ:TTMI) stock to $113 from $91 previously, while reaffirming its “buy” recommendation.

Syracuse site. Photo from TTM Technologies website

The upgrade followed TTM Technologies Inc.’s (NASDAQ:TTMI) announcement of its financial targets last week, saying that it aims to double its earnings per share and grow its annual sales by 15 to 20 percent over the next two years, after registering an 18 percent revenue growth in the last reported quarter of 2025.

According to Truist, its price target upgrade was based on optimism for the company’s above-modeled growth in AI, supported by margin expansion expectations due to its ramped-up production in Penang, Malaysia. It also raised its 2027 EPS forecast for the company to $4.27 from $3.80 previously, saying that there is still room for further upside potential from various sources, including AI and defense.

Apart from Truist, TTM Technologies Inc. (NASDAQ:TTMI) also earned a 33 percent price target hike from Needham to $105 from $79 previously.

Needham also maintained its “buy” recommendation for its stock.

TTM Technologies, Inc. (NASDAQ:TTMI) is engaged in the production of technology products, including mission systems, radio frequency components, RF microwave/microelectronic assemblies, and technologically advanced printed circuit boards.

For the fourth quarter of 2025, the company targets to register net sales between $730 million and $770 million, as well as diluted earnings per share of $0.60 to $0.70.

While we acknowledge the risk and potential of TTMI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TTMI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.