KeyBanc has boosted its price target for Tetra Tech (TTEK, Financial) from $34 to $41, highlighting the company's improved risk profile and promising growth prospects with higher margins. The firm maintains an Overweight rating on TTEK shares. KeyBanc points out that Tetra Tech's recent performance exceeded their expectations, showcasing a year-over-year EBITDA margin expansion of 10 basis points. This progress comes despite a 30-50 basis points impact from the cancellation of USAID projects. Looking ahead, the guidance for fiscal year 2025 has been elevated, indicating further confidence in the company's future growth trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Tetra Tech Inc (TTEK, Financial) is $39.60 with a high estimate of $49.00 and a low estimate of $33.00. The average target implies an upside of 13.53% from the current price of $34.88. More detailed estimate data can be found on the Tetra Tech Inc (TTEK) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Tetra Tech Inc's (TTEK, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tetra Tech Inc (TTEK, Financial) in one year is $36.87, suggesting a upside of 5.71% from the current price of $34.88. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tetra Tech Inc (TTEK) Summary page.
