Needham analyst James Ricchiuti maintained a Buy rating on TTM Technologies (NASDAQ:TTMI) on Thursday, setting a price target of $14, which is approximately 17.06% above the present share price of $11.96.
Ricchiuti expects TTM Technologies to post earnings per share (EPS) of -$0.01 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in TTM Technologies, with an average price target of $15.88.
The analysts price targets range from a high of $17.75 to a low of $14.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $497.65 million and a net profit of $16.18 million. The company's market cap is $1.32 billion.
According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.0% and a 62.05% success rate.
TTM Technologies, Inc. engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board and Electro-Mechanical Solutions. It offers products such as backplanes, system integration, chassis assemblies, integrated circuit substrates and chips, and engineering services. The company was founded on March 20, 1978 and is headquartered in Santa Ana, CA.