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TTM Technologies upgraded to Buy after strong margin gains and better outlook.

Analyst Insights
27 Oct 2026, 06:55 WIB
Seeking Alpha
View Source
Bullish
TTM Technologies upgraded to Buy after strong margin gains and better outlook.

TTM Technologies has been upgraded from Sell to Buy due to a significant valuation drop and improved business fundamentals. The company’s adjusted operating margins rose about 5.1 percentage points year-over-year to roughly 17.4% in Q3, driven by N+M boards. Its forward EV/EBITDA ratio is now around 10.9x, below the sector median, while revenue and EPS forecasts for 2027 have increased by approximately 48% and 70%, respectively. Despite risks from AI-driven demand and cash flow, improved backlog, capacity investments, and positive free cash flow trends support the optimistic outlook.

As of Oct 27, 2026 11:11 WIB, TTM Technologies (TTMI) is trading at USD 86.20 on Pluang, marking a strong 7.60% increase in one day. The stock shows robust investor interest with 89% of order activity on Pluang being buys. Its market capitalization stands at $8.44 billion, highlighting significant market presence amid the recent upgrade and positive outlook.

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