SM Energy Acquires Civitas Resources
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
SM Energy Co. (SM) is acquiring Civitas Resources (CIVI) in a deal expected to be completed soon, pending final closing conditions. SM Energy will remain in the S&P SmallCap 600 post-merger.
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Analyst Views on TTMI
Wall Street analysts forecast TTMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTMI is 80.75 USD with a low forecast of 72.00 USD and a high forecast of 91.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 97.990
Low
72.00
Averages
80.75
High
91.00
Current: 97.990
Low
72.00
Averages
80.75
High
91.00
About TTMI
TTM Technologies, Inc. is a global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and technologically advanced printed circuit boards (PCB). The A&D segment consists of PCBs, value-added assemblies, microelectronics, RF/microwave components and assemblies, and integrated mission systems. Its products support surveillance, intelligence, communications, and other critical missions for customers in the aerospace and defense industry. Commercial segment consists of PCBs using customer-supplied engineering and design plans supporting customers in the automotive, medical, industrial, and instrumentation, networking, and data center computing end markets. RF&S Components segment consists of TTM designed RF components for commercial customers in the telecommunications, industrial, and instrumentation markets, as well as commercial off-the-shelf components for certain aerospace and defense customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TTM Technologies to Join S&P MidCap 400 Index
- Index Changes: TTM Technologies will join the S&P MidCap 400 on January 30, replacing Civitas Resources, indicating an elevation in market standing and likely attracting increased investor interest.
- M&A Activity: Huntington Bancshares is acquiring Cadence Bank, while Fifth Third Bancorp is acquiring Comerica, with both deals expected to close soon, further consolidating resources in the banking sector and enhancing competitive positioning.
- Small Cap Adjustments: TTM Technologies will exit the S&P SmallCap 600 on January 30, replaced by Amneal Pharmaceuticals, reflecting a market reassessment of TTM's growth potential.
- Industry Outlook: Advanced Energy Industries is expected to accelerate growth in 2026, highlighting the sector's investment appeal and potential market demand in the coming years.
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TTM Technologies (TTMI) Stock Soars 36.7% Following Price Target Upgrades
- Stock Surge: TTM Technologies' stock jumped 36.7% last week, reaching an all-time high, primarily driven by an investment firm's price target increase from $91 to $113, reflecting strong market confidence in its future growth.
- Earnings Goals: The company announced plans to double its earnings per share and set annual sales growth targets between 15% and 20% over the next two years, indicating a positive outlook on its growth potential.
- Analyst Optimism: Truist Financial raised its 2027 EPS forecast to $4.27 based on optimism for TTM's above-modeled growth in AI, highlighting further upside potential in AI and defense sectors.
- Sales Expectations: TTM Technologies targets net sales of $730 million to $770 million for Q4 2025, with an EPS goal of $0.60 to $0.70, demonstrating confidence in its upcoming financial performance.
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