Stifel Raises Target as TTM Technologies, Inc. (TTMI) Shows Strong Performance
TTM Technologies, Inc. (NASDAQ:TTMI) is among the best NASDAQ stocks under $50 to buy. Stifel has maintained a Buy rating on TTM Technologies, Inc. (NASDAQ:TTMI), while raising the price target to $40 from $33 due to the company’s solid performance in key sectors, including aerospace, defense, and data centers.
Recently, the financial services company hosted Thomas Edman, the President and CEO of TM, and Sameer Desai, the VP of Corporate Development and Investor Relations, at its 2025 Stifel CSI Conference. Considering the returns, the giant has consistently outperformed the market. While the one-year return by the broader market stands at 11.07%, TTM Technologies, Inc. (NASDAQ:TTMI) delivered an impressive 105.37% return. Similarly, the three-year and five-year returns by TTMI surpass the market by 131.24% and 119.39%, respectively.
A close-up view of an electronic component being installed on a PCB.
The effort to shift to more stable and higher-margin markets is certainly paying off. But the real intrigue lies in the giant’s role in the next wave of defense projects, particularly the Golden Dome missile defense system. By 2026, U.S. defense spending will exceed the $1 trillion mark, and this means more popularity of companies providing defense electronics.
TTM Technologies, Inc. (NASDAQ:TTMI) is a California-based manufacturer of technology solutions, mainly mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB). Founded in 1978, the company is focused on delivering superior value.
While we acknowledge the potential of TTMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
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