TTM Technologies: Riding The Defense And Data Center Supercycles To A Stronger Future
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William Davis241 FollowersFollow5ShareSavePlay(11min)Comment(1)SummaryTTM Technologies is positioned for significant long-term growth, driven by strong demand in aerospace, defense, and data center markets.TTMI’s aggressive expansion, including new facilities in Wisconsin, Malaysia, and New York, supports its robust revenue growth and geographic diversification.Despite lower gross margins, TTMI delivers superior EBIT margins and maintains solid liquidity, enabling strategic reinvestment and manageable leverage.I assign TTMI a buy rating with an $80.16 price target, reflecting its growth trajectory, sector leadership, and upside from expansion initiatives. Jonathan Kitchen/DigitalVision via Getty Images Investment Thesis TTM Technologies (TTMI) is poised for fairly significant long-term growth due to its focus on high-demand markets. An example of this is its crucial role in aerospace and defense; it also greatly benefits from the growing demand for dataThis article was written byWilliam Davis241 FollowersFollowWilliam has been an avid student of the stock market for over a decade. Being an avid student of political economics his entire professional life gives him a unique insight into the macroeconomy and how it impacts assets. Having learned the value of a comprehensive and fundamental approach, he has a keen eye for identifying hidden gems. Currently, he spends much of his time analyzing data and writing for financial websites.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You