Baird Raises its Price Target on Tetra Tech (TTEK) to $35
Tetra Tech, Inc. (NASDAQ:TTEK) is one of the
10 Best Construction Stocks for Data Center Infrastructure.
On April 30, 2026, Baird raised its price target on Tetra Tech, Inc. (NASDAQ:TTEK) to $35 from $34 while maintaining a Neutral rating following the company’s Q1 results. The firm said it updated its model after what it described as a solid quarterly report.
A day earlier, Tetra Tech, Inc. (NASDAQ:TTEK) reported Q2 adjusted EPS of 34c, ahead of the 32c consensus estimate, while revenue increased to $1.22B compared to expectations of $1B. CEO Roger Argus said the company delivered a strong second quarter driven by growth across its water, environmental, and sustainable infrastructure markets. He added that U.S. federal operations benefited from increased orders tied to defense-related facilities and infrastructure modernization projects. Argus also said Tetra Tech’s consulting services related to water supply and environmental mitigation are becoming increasingly important in helping communities support the development of data centers. International operations also saw growth from rising demand for front-end water and infrastructure consulting services.
Photo by Silvan Schuppisser on Unsplash
The company said these trends contributed to backlog growth and improved visibility for the remainder of the fiscal year, leading to higher FY26 guidance. Tetra Tech, Inc. (NASDAQ:TTEK) raised its FY26 EPS outlook to $1.50-$1.58 from $1.46-$1.56, compared to consensus estimates of $1.53. The company also increased its FY26 revenue outlook to $4.25B-$4.4B from $4.15B-$4.3B, versus consensus estimates of $4.24B.
Tetra Tech, Inc. (NASDAQ:TTEK) provides consulting and engineering services focused on water, environmental, and sustainable infrastructure projects globally.
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