TTM Technologies: When Fundamentals Move the Market
After delivering an impressive earnings outlook at the Needham Growth Conference, TTM Technologies (TTMI) rallied over 20% this week.
CEO Edwin Roks estimated annual revenue growth of 15%-20% over the next three years, with earnings projected to double by 2027. This prompted Needham to raise its price target, helping TTMI secure its spot as one of this week’s top performers.
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