RBC cuts target for Tetra Tech stock from USD 46.00 to USD 44.00

Published on 10/20/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue hit USD 1.31 billion and earnings per share USD 0.42. Tetra Tech stock costs EUR 31.00 on October 20, 2026, with a USD 8.9 billion valuation.

Analyst revision and quarterly results

Royal Bank of Canada cut its Tetra Tech target from USD 46.00 to USD 44.00 on October 15, 2026.
Tetra Tech reported USD 1.31 billion in revenue and USD 0.42 earnings per share for the third quarter of 2026.
Tetra Tech stock trades at EUR 31.00 at 1:15 p.m. CEST at Lang & Schwarz on October 20, 2026.

TTEK, US88162G1031, Illustration mit AI erstellt.

Tetra Tech (US88162G1031) is trading at EUR 31.00 at Lang & Schwarz on October 20, 2026, at 1:15 p.m. CEST. Royal Bank of Canada cut its Tetra Tech target from USD 46.00 to USD 44.00 on October 15, 2026, while keeping an Outperform rating, according to MarketScreener.

Quarterly results set the baseline

Tetra Tech reported USD 1.31 billion in revenue and USD 0.42 earnings per share for the third quarter of fiscal 2026. The earnings-per-share figure exceeded the USD 0.40 consensus estimate by USD 0.02, while quarterly revenue was below the prior-year level by 4.4 percent, according to MarketBeat.

The company said its third-quarter growth was primarily driven by U.S. federal and international end markets, both of which increased at a double-digit rate. Tetra Tech's investor-relations page also lists 25,000 employees, annual revenue of USD 5.0 billion and 500 offices worldwide.

What does the target cut change?

The revised USD 44.00 target remains above the latest USD 34.72 U.S. closing reference reported for October 16, 2026, but the direction of the analyst change is more cautious. The company expanded its share repurchase program by USD 500 million on September 10, 2026, a capital-allocation step that adds a second company-specific signal to the valuation debate, according to MarketScreener.

Three dates define the recent sequence

On September 10, 2026, Tetra Tech expanded its buyback by USD 500 million. On September 26, 2026, Wall Street Zen upgraded the stock from Hold to Buy. On October 15, 2026, Royal Bank of Canada cut its target from USD 46.00 to USD 44.00 and retained Outperform, according to MarketScreener.

November 11 marks the next date

MarketBeat lists November 11, 2026, after the market close, as the next quarterly earnings date. Its estimate calls for USD 0.4683 earnings per share and USD 1.15 billion in revenue for the fourth quarter of fiscal 2026.

Stock valuation stays central

Tetra Tech operates in the Industrials sector and provides consulting and engineering services focused on water, environmental resources and sustainable infrastructure. Its TTEK listing is on the Nasdaq, and the latest market capitalization was USD 8.9 billion as of October 20, 2026.

Tetra Tech was trading at EUR 31.00 at Lang & Schwarz on October 20, 2026, at 1:15 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Tetra Tech stock.