TTM Technologies (TTMI) Soars to All-Time High on 33% PT Upgrade

We recently published 10 Stocks Leaving Wall Street in the Dust; 4 Hit Fresh Records. TTM Technologies, Inc. (NASDAQ:TTMI) was one of the top performers on Tuesday.

TTM Technologies rallied to a new all-time high on Tuesday, as investors snapped up shares after the company earned a 33 percent price target upgrade from an investment firm.

At intra-day trading, the stock jumped to its highest price of $96.45 before trimming gains to end the day just up by 19.71 percent at $93.24 apiece, after Needham & Company significantly raised its price target to $105 from $79 previously. Even with the recent surge, the new figure still marked a 12.6 percent upside from its latest closing price.

Needham also maintained its “buy” recommendation for its stock.

The upgrade followed the participation of TTM Technologies, Inc. (NASDAQ:TTMI) President and CEO Edwin Roks and Chief Finance Officer Dan Boehle at the ongoing Needham Growth Conference on January 13th and 14th at the Lotte New York Palace Hotel in New York.

TTM Technologies, Inc. (NASDAQ:TTMI) is engaged in the production of technology products, including mission systems, radio frequency components, RF microwave/microelectronic assemblies, and technologically advanced printed circuit boards.

For the fourth quarter of 2025, the company targets to register net sales between $730 million and $770 million, as well as diluted earnings per share of $0.60 to $0.70.

While we acknowledge the potential of TTMI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.