In a report released today, Josh Sullivan from Benchmark Co. maintained a Buy rating on Tat Techno (TATT – Research Report), with a price target of $30.00.
Josh Sullivan has given his Buy rating due to a combination of factors that highlight Tat Techno’s strong performance and strategic positioning. The company exceeded expectations for both revenue and adjusted EBITDA for the fiscal year 2024, marking the ninth consecutive quarter of growth. This consistent performance underscores TATT’s ability to navigate challenging market conditions effectively.
Additionally, TATT’s strategic investments in inventory, despite supply chain instability, and a record backlog of $429 million, indicate a robust demand and potential for future growth. The company’s proactive approach in managing supply chain issues and securing new orders further supports the positive outlook for the upcoming fiscal year, making it a compelling buy opportunity.