TTM Technologies, the Technology sector company, was revisited by a Wall Street analyst today. Analyst James Ricchiuti from Needham reiterated a Buy rating on the stock and has a $65.00 price target.
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James Ricchiuti has given his Buy rating due to a combination of factors that indicate promising growth prospects for TTM Technologies. Conversations with companies involved in AI data center infrastructure and defense markets have led to an optimistic outlook for TTM’s performance in the latter half of 2025 and into 2026.
Ricchiuti believes that current market expectations for TTM’s Data Center Computing business in 2026 are conservative. Despite concerns about the slower ramp-up of the Penang facility, he is confident that TTM’s existing facilities in China will meet the increasing demand from AI customers, potentially exceeding consensus estimates. Additionally, there is anticipated growth in TTM’s Aerospace and Defense business, further supporting the Buy rating and an increased price target of $65.
According to TipRanks, Ricchiuti is a 5-star analyst with an average return of 13.3% and a 55.35% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as TTM Technologies, Bel Fuse Inc, and IMPINJ.