B. Riley analyst Mike Crawford raised the firm's price target on TTM Technologies to $208 from $182 and keeps a Buy rating on the shares. TTM is seeing rising demand across defense, data center, networking, and industrial markets, with expanded manufacturing capacity across multiple U.S. facilities and Penang expected to unlock roughly $500M in additional A&D revenue capacity by 2028, while investors may be underappreciating its vertically integrated electronics and advanced HDI PCB capabilities supporting growing AI and defense workloads, the analyst tells investors in a research note.
