Wall Street Analysts See a 29.42% Upside in TTM (TTMI): Can the Stock Really Move This High?

Core Viewpoint - TTM Technologies (TTMI) has seen a 2.9% increase in share price over the past four weeks, closing at $43.85, with analysts suggesting a potential upside of 29.4% based on a mean price target of $56.75 [1][11]. Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $2.22, indicating a range of estimates from a low of $55.00 (25.4% increase) to a high of $60.00 (36.8% increase) [2][9]. - A low standard deviation suggests strong agreement among analysts regarding the stock's price movement, which can be a useful starting point for further research [2][9]. Earnings Estimates and Analyst Sentiment - There is increasing optimism among analysts about TTMI's earnings prospects, as evidenced by a positive trend in earnings estimate revisions, which correlates strongly with near-term stock price movements [11][12]. - The Zacks Consensus Estimate for the current year has risen by 5% over the past month, with three estimates increasing and no negative revisions [12][13]. - TTMI holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13]. Caution on Price Targets - While consensus price targets are a common metric for investors, relying solely on them for investment decisions may not be prudent due to historical inaccuracies in predicting actual stock price movements [3][7][10].