{
  "id": 12189796,
  "title": "Alembic Global initiates TTM Technologies stock coverage with overweight rating",
  "url": "https://urgent.news/2026/10/05/alembic-global-initiates-ttm-technologies-stock-coverage-with",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T16:42:59.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/alembic-global-initiates-ttm-technologies-stock-coverage-with-overweight-rating-93CH-4932618"
  },
  "original_language": "en",
  "account": "Alembic Global Advisors has launched coverage of TTM Technologies (NASDAQ:TTMI) with an overweight rating, anticipating a price target of $236, indicating a 74% upside potential from its current stock price of $135.95. The firm's valuation is based on a sum-of-the-parts method, projecting a 27 times average fiscal 2027/2028 earnings per share ratio. Alembic Global anticipates a doubling of TTM's earnings from fiscal 2026 to 2028, primarily fueled by artificial intelligence demand and the company's strong presence in aerospace and defense sectors. Analysts have noted that 4 investors have revised their earnings estimates upwards for the upcoming period. Over the past year, the stock has already achieved a 122% return. Alembic Global highlights TTM's expanding presence in the U.S. market, particularly in the data center and networking segment, anticipating a 79% compound annual growth rate in sales from 2026 to 2028 due to the ramp-up of TPU v8 production. The company's strategic focus on AI and aerospace defense markets, along with recent acquisitions, such as the $1.1 billion purchase of Epiq Solutions, are projected to bolster its market position and potentially increase leverage, as indicated by S&P Global Ratings. Despite this, Moody's has adjusted TTM Technologies' outlook to positive, citing robust demand in AI data center computing and networking. Other firms, including Stifel and Needham, have also adjusted their ratings and price targets for TTM Technologies, reflecting the evolving market landscape and strategic maneuvers in the tech sector.",
  "summary": null,
  "key_points": [
    "Alembic Global gives TTM Technologies an overweight rating with $236 price target.",
    "Analysts forecast 74% upside potential from current $135.95 stock price.",
    "Growth driven by AI demand and aerospace/defense sector presence."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}