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TTMI rated Buy with strong AI board growth and $2B defense backlog boosting revenue outlook.

Analyst Insights
29 Oct 2026, 17:18 WIB
Seeking Alpha
View Source
Bullish
TTMI rated Buy with strong AI board growth and $2B defense backlog boosting revenue outlook.

TTM Technologies (TTMI) is rated Buy due to strong growth in AI-related circuit boards and a $2 billion aerospace and defense backlog, which provides solid revenue visibility. The adoption of N+M technology in data centers is expected to reach 50% of TTMI's Data Center and Networking business by 2027, supporting higher profit margins. Despite forecasted earnings per share growth of 101% in FY26 and 68% in FY27, TTMI trades at a significant discount to its historical valuation multiples, presenting an attractive risk-reward opportunity for investors. The company's strong backlog and technology adoption trends position it well for future expansion and profitability.

TTM Technologies trades at USD 89.17 on Pluang as of Oct 29, 2026 21:31 WIB, down 1.80% in the last day. Despite the article highlighting strong growth prospects and a $2 billion aerospace backlog, Pluang order activity shows 100% sell interest at this time. The stock's market cap stands at $9.57 billion, reflecting current investor sentiment distinct from the upbeat analyst outlook.

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