B. Riley raised the firm’s price target on TTM Technologies (TTMI) to $81 from $75 and keeps a Buy rating on the shares. The firm believes the company is seeing “increased and enduring” generative artificial intelligence-driven demand for its advanced printed circuit boards. This is being driven by high-capacity servers going into “gargantuan-sized” data centers globally, and particularly in the U.S., the analyst tells investors in a research note. Riley thinks AI infrastructure requirements are driving increasing printed circuit board complexity, which is a “boon” for TTM.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTMI:
- TTM Technologies price target raised to $79 from $77 at Needham
- TTM Technologies’ Growth Driven by Data Center Expansion and Aerospace Opportunities
- TTM Technologies management to meet with Needham
- 3 Strong Buy-Rated Stocks Boasting a ‘Perfect 10’ Smart Score
- TTM Technologies Reports Strong Q3 Earnings and Growth