Analyst Maintains Hold on Tetra Tech as Softer 2026 Outlook and Slowing U.S. Public-Sector Demand Offset Strong Recent Results
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Analyst Tate Sullivan from Maxim Group has maintained a Hold rating on Tetra Tech (TTEK) due to a softer outlook for 2026 and slowing U.S. public-sector demand, despite strong recent quarterly results. The company expects year-over-year declines in revenue and EPS for fiscal 2026, influenced by reduced federal budget support for water projects. While Tetra Tech shows solid cash flow and capital returns, the current valuation reflects near-term risks, leading Sullivan to keep a neutral stance. Robert W. Baird also maintains a Hold rating with a $35.00 price target.
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