Tech stockTech stock are incredibly versatile, fitting everything from high growth blue-chip portfolios to bleeding-edge future-focused risk portfolios. TTM Technologies Inc. (NASDAQ: TTMI) falls somewhere in between. This company produces printed circuit boards for the wider tech industry, giving it parallels to industries ranging from solar energy to electric vehicles.

The Coronavirus Pandemic left some investors skeptical about TTM. Its circuit boards are used in numerous consumer electronics from televisions to smartphones. With household spending down, there’s concern that TTMs performance will fall along with it. This is likely to be true in 2020, but the long-term upside could be significant.

Printed circuit boards are essential for virtually every piece of consumer and industrial technology currently in use. As the market and the global economy recover, TTM’s services will be in high demand again. The company generated four years of consecutive revenue growth before 2019. It is profitable with its gross and EBITDA margins close to 13%. It has a healthy balance sheet and can endure any slowed activity related to the Coronavirus.

Analysts believe that investors were too quick to sell TTM earlier this year, and the current average target price suggests growth in the short term. The stock is likely to hit $15 before the end of the year, which would mean a significant upside for investors who buy now.

Long-term, TTM has the manufacturing capacity and technical ability to continue serving the tech industry, electric vehicle manufacturers, and the renewable energy industry. Fiscal results are likely to bounce back in a post-Coronavirus world.

Key Data:

  • 1 Year Price Growth: 47%
  • YTD Price Growth: -20.96%
  • 3 Month Price Growth: 73%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.