---
title: "\"Big Banks\" Citigroup: Techtronic Industries is expected to accelerate growth starting next year, maintaining a target price of 125 yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266468555.md"
description: "Citi published a research report indicating that Techtronic Industries is expected to accelerate growth next year, maintaining a target price of HKD 125 and a \"Buy\" rating. Techtronic Industries' business focus leans towards professional sectors, accounting for about 70% of total sales. Although its largest customer, Home Depot, reported third-quarter results below expectations, Techtronic's management stated that the performance of its product sales points remains healthy"
datetime: "2025-11-19T02:37:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266468555.md)
  - [en](https://longbridge.com/en/news/266468555.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266468555.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/266468555.md) | [繁體中文](https://longbridge.com/zh-HK/news/266468555.md)


# "Big Banks" Citigroup: Techtronic Industries is expected to accelerate growth starting next year, maintaining a target price of 125 yuan

Citi published a research report stating that Techtronic Industries (00669.HK)'s largest customer, Home Depot (HD.US), reflects the dynamics of the U.S. consumer market, while Techtronic Industries' business focus is on professional sectors, accounting for about 70% of its total sales. Therefore, it maintains its forecast for this year. The bank pointed out that Techtronic is expected to accelerate growth starting next year. If Home Depot's performance falls short of expectations, leading to a decline in Techtronic Industries' stock price, it believes this would be a buying opportunity for the stock.

The bank mentioned that Techtronic Industries' largest customer, Home Depot (HD.US), reported third-quarter revenue and net profit that both fell short of expectations, and it has lowered its earnings per share guidance for this year by 3% to $14.48, below earlier guidance and market forecasts. However, after excluding the impact of storms and weather, the core business performance remains stable.

On the other hand, Techtronic Industries' management mentioned that although U.S. tariffs have led to a moderate increase in product prices, the sales performance of its products in the third quarter remains healthy. The bank maintains a target price of 125 HKD and a "buy" rating for Techtronic

### Related Stocks

- [Techtronic Industries Company Limited (TTNDY.US)](https://longbridge.com/en/quote/TTNDY.US.md)
- [TECHTRONIC IND (00669.HK)](https://longbridge.com/en/quote/00669.HK.md)

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