Maxim Group analyst Tate Sullivan has maintained their neutral stance on TTEK stock, giving a Hold rating today.
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Tate Sullivan’s rating is based on the anticipated reduction in Tetra Tech’s revenue due to decreased consulting work from U.S. federal government agencies and the cancellation of USAID projects. These factors significantly impact Tetra Tech’s financial outlook, as government and USAID projects previously accounted for a substantial portion of their revenue.
Furthermore, while there may be potential for new projects with other federal agencies, such as the Development Finance Corporation, these opportunities may take time to materialize and may not immediately offset the lost revenue. Given these uncertainties and the lowered revenue and EPS forecasts for FY26, Sullivan maintains a Hold rating, reflecting a cautious approach in light of the current challenges facing Tetra Tech.