Truist Securities Cuts TTMI Price Target to $170
Key Points
- Truist Securities maintained a Buy rating on TTM Technologies on October 23, 2026, and lowered its price target to $170 from $231.
- Truist Securities's $170 price target implies 113.81% upside from TTM Technologies, Inc.'s ($TTMI) current $79.51 share price.
- The stock recently traded around $79.51, sitting below its 50-day moving average of $118.54.
- Other Wall Street firms also adjusted their outlooks on the electronic components maker, alongside active institutional and insider trading.
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Truist Securities kept a Buy rating on TTM Technologies, Inc. (NasdaqGS: TTMI) on October 23, 2026, while lowering its price target from $231.00 to $170.00. The update arrived via a research note from the firm, reflecting a downward adjustment to its valuation goal while keeping a positive stance on the business. Prior to this update, Truist had maintained a $231 target on October 13, 2026.
TTMI
TTM Technologies, Inc.
Truist Securities vs. the S&P 500
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Other Institutional Activity in TTM Technologies
Whale Rock Capital Management LLC grew its holdings by 715,933 shares, ending with 4,230,575 shares worth about $336.29 million. Jane Street Group, LLC lifted its stake by a 229.0% increase, adding 1,918,720 shares to hold 2,756,443 shares valued at about $219.11 million. Lone Pine Capital Llc grew its holdings by a 100.0% increase, acquiring 1,369,038 shares to finish with 2,738,075 shares worth roughly $217.65 million.
TTM Technologies, Inc. Stock Down 22.2%
Shares closed at $79.49 on October 23, 2026, and recently traded around $79.51. The stock sits below its 50-day moving average of $118.54 and below its 200-day moving average of $128.01. It trades well below its 52-week high of $223.83 while holding above its 52-week low of $55.44.
$TTMI price target
TTM Technologies, Inc. daily closes and this analyst's $170 target. Not advice.
Recent Earnings
The company reported trailing twelve-month revenue of $3.83 billion and basic earnings of $2.50 per share. Net profit margin reached 7.0% alongside a return on equity of 14.3%. The next earnings report is scheduled for February 3, 2027.
Insider Buying and Selling at TTM Technologies, Inc.
Insiders have been active in the stock across recent months. Chief Financial Officer Daniel L Boehle disposed of 4,218 shares on June 25, 2026, for a total value of $881,291. Officer Dale Martin Knecht parted with 26,198 shares at an average price of $142.00 on August 10, 2026, worth $3.72 million. Director Rex D Geveden picked up 5,000 shares at $104.90 on August 24, 2026, totaling $524,500. Chief Executive Officer Edwin Ph.D. Roks bought 10,000 shares at $111.77 on August 25, 2026, worth $1.12 million.
Analysts Set New Price Targets
Needham maintained a Buy rating on September 21, 2026, while lowering its target from $220.00 to $175.00. On October 23, 2026, Stifel kept a Buy rating and lowered its target from $205.00 to $165.00. Needham also kept its Buy rating on October 23, 2026, reducing its target from $175.00 to $150.00. Overall, the stock carries a strong buy recommendation key with a mean price target of $190.80 across five analyst opinions.
About TTM Technologies
Headquartered in Santa Ana, California, TTM Technologies, Inc. builds specialized electronic components, printed circuit boards, and radio frequency assemblies. The business serves commercial and aerospace customers globally, making its manufacturing output vital for modern defense and telecommunication systems.
Bottom Line
Truist's revised target highlights shifting valuation expectations on Wall Street even as the rating remains positive. Investors will watch upcoming earnings reports and institutional filing updates for further signs of momentum.
Related Filing Alerts
Source: Truist Securities's rating change on $TTMI (Oct 23, 2026). Written by software, not financial advice. How we make alerts