TTM Technologies rated Buy on undervaluation and strong core business despite European expansion challenges.

TTM Technologies is rated Buy due to its undervaluation at 7.8 times 2027 EPS guidance and strong core business momentum. The company’s expansion into Europe targets defense electronics demand but faces strategic limits from high acquisition costs and partial market access. Despite recent market volatility and sector selloffs, TTM's core business strength, insider buybacks, and consistent earnings beats support its outlook. Near-term growth depends on reducing leverage, Q4 results, and successful integration of acquisitions ILFA and Merlin, while Europe remains a long-term growth option.

TTM Technologies is trading at USD 77.39 on Pluang as of Nov 11, 2026 21:41 WIB, showing a strong 1-day gain of 7.14%. This price remains closer to its 52-week low of USD 58.45 than its 52-week high of USD 221.47, highlighting significant room for growth compared to its recent past. The market cap stands at $7.61 billion, while all Pluang orders are currently buys, reflecting investor interest despite the stock's wide trading range over the year.