Tetra Tech price target raised to $48 from $47 at RBC Capital

RBC Capital raised the firm’s price target on Tetra Tech (TTEK) to $48 from $47 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s in-line FY26 guidance is also likely a “conservative starting point” given Tetra Tech’s strong track record, the analyst tells investors in a research note. With leverage at 0.9 exiting Q4, the company has flexibility on M&A, RBC added.