In a report released today, James Ricchiuti from Needham reiterated a Buy rating on TTM Technologies, with a price target of $56.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
James Ricchiuti has given his Buy rating due to a combination of factors, primarily focusing on the leadership transition at TTM Technologies. The appointment of Edwin Roks as the new President and CEO is a significant development. Dr. Roks brings extensive experience from his previous roles at Teledyne Technologies, where he successfully managed large-scale operations and played a pivotal role in integrating major acquisitions.
His expertise in the commercial and aerospace and defense sectors, along with his strategic vision, positions him well to drive TTM Technologies forward. This leadership change is seen as a positive move that could enhance the company’s operational efficiency and growth prospects, justifying the Buy rating from Ricchiuti.
According to TipRanks, Ricchiuti is a 5-star analyst with an average return of 10.2% and a 53.04% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as TTM Technologies, Bel Fuse Inc, and Cognex.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $51.00 price target.