--- title: "Weekly Recap | TTM Tech -22.42%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/302175986.md" description: "TTM Tech fell 22.42% this week to close at $93.88, against a 1.95% drop for the S&P 500, underperforming by roughly 20.47 percentage points. The stock opened Monday at $118.31 and slid through the week, with a brief bounce to $116.10 on Tuesday that failed to hold. Selling resumed on Wednesday below $104, and Thursday printed a 60-session low of $92.15 before Friday closed at $93.88. Average daily volume reached 4." datetime: "2026-10-17T08:21:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302175986.md) - [en](https://longbridge.com/en/news/302175986.md) - [zh-HK](https://longbridge.com/zh-HK/news/302175986.md) generator: "portal-rs" --- # Weekly Recap | TTM Tech -22.42%, consensus target above spot ## The Week TTM Tech fell 22.42% this week to close at $93.88, against a 1.95% drop for the S&P 500, underperforming by roughly 20.47 percentage points. The stock opened Monday at $118.31 and slid through the week, with a brief bounce to $116.10 on Tuesday that failed to hold. Selling resumed on Wednesday below $104, and Thursday printed a 60-session low of $92.15 before Friday closed at $93.88. Average daily volume reached 4.71m shares, about twice the recent median, a sign of widening disagreement among traders. ## Key Events The main story was the company’s 12 October announcement of a planned $400m incremental investment to accelerate AI infrastructure capacity in China and Malaysia. The stock dropped by roughly 9.65% on the first trading day after the news and was down more than 10% by Tuesday. Market attention centred on the near-term financial strain from the capex plan, alongside a slide from above $118 early in the week to around $92. The company also confirmed its third-quarter 2026 conference call is set for 22 October and said it will attend the AUSA Annual Meeting. ## Analyst Ratings On Friday, B. Riley Securities initiated coverage with a buy rating on TTM Technologies. Across the five brokers tracked, four rate it buy and one rates it overweight, with no hold, underweight or sell ratings. The consensus rating is strong buy, with a consensus target of $211, or about 124.76% above the $93.88 close. Individual targets range from $175 to $236, reflecting moderate dispersion. The stock ranks 29th within an industry group of 67. ## The Week Ahead The key item is Thursday’s pre-market third-quarter fiscal 2026 earnings release, with a consensus estimate of around $0.99 EPS and $1.132bn revenue. The company’s 22 October conference call should provide more colour on the AI capacity build-out and any guidance update. Macro data includes US housing starts and building permits on Tuesday and EIA crude inventories on Wednesday, though the market will likely focus on TTM’s own report. ## In Short The week’s sell-off coincided with the AI expansion announcement, as investors read the $400m outlay as near-term financial pressure. The ratings picture is constructive, with four of five brokers at buy and one at overweight, and a consensus target well above spot; yet the latest session showed large-lot money turning net seller, while valuation sits at roughly 41.8x P/E and 5.1x P/B. The question now is whether earnings can ease concerns over the balance between capex and profitability, and how management frames the payoff timeline for AI capacity. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [TTMI.US](https://longbridge.com/en/quote/TTMI.US.md) ## Related News & Research - [TTM Technologies Q3 net income jumps 60% to $84.8 million; Q3 net sales rise 60% to $1.2 billion](https://longbridge.com/en/news/302693400.md) - [TTM Technologies (TTMI) Set to Announce Quarterly Earnings on Thursday](https://longbridge.com/en/news/302164295.md) - [TTMI: Record Q3 results and strong backlog support a $6.5–6.75B FY2027 sales outlook](https://longbridge.com/en/news/302694237.md) - [TTM Technologies, Inc. Reports Third Quarter 2026 Results](https://longbridge.com/en/news/302693998.md) - [TTM Technologies Q3 revenue jumps 60%, beats expectations on data center market demand](https://longbridge.com/en/news/302694579.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**