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TTM Technologies shifts from commodity to AI-driven PCB growth, offering a strong buy opportunity after recent price drop.

Analyst Insights
28 Oct 2026, 17:30 WIB
Seeking Alpha
View Source
Bullish
TTM Technologies shifts from commodity to AI-driven PCB growth, offering a strong buy opportunity after recent price drop.

TTM Technologies is transitioning its printed circuit board (PCB) business from a commoditized market to a value-driven, customized platform essential for AI and defense technology. This shift, combined with diversified markets, strategic acquisitions, and expansion of its PCB programs, positions the company for significant sales growth by fiscal year 2027. After a recent stock price drop of over 60%, TTM now trades at an attractive price-to-earnings ratio of 16.16, presenting a compelling entry point for investors. Risks include demand volatility in AI, customer concentration, and short-term financial pressures from mergers and capacity expansions. The company is rated a Buy, leveraging its role as a top global PCB supplier amid growing AI and defense spending.

TTM Technologies shares are trading at USD 86.92 on Pluang as of Oct 28, 2026 21:41 WIB, showing a slight 0.16% increase in the last day. The stock's market capitalization stands at $9.14 billion, reflecting its significant presence in the technology sector. Investor interest remains strong with 95% of Pluang orders being buys, indicating confidence in the company's strategic growth despite recent volatility.

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