TTEK Forecast


Bullish Case: Tetra Tech's focus on sustainability and contract wins, alongside a significant backlog, underpin positive growth prospects. Analysts’ upgrades and strong project execution support this view.


Bearish Case: High price-to-book ratio, insider selling, and recent litigation relating to environmental cleanup could lead to challenges and investor hesitation, potentially causing a decline in stock price.


Potential Outcomes: 60% chance of growth driven by new contracts and a solid reputation [Helium, Helium]. 30% likelihood of decline due to institutional investor sell-offs and legal uncertainties [simplywall.st, wisbar.org (Opinion), kqed.org]. 10% chance of price stability as positive and negative factors balance each other out.


Trading Oracle: Execute a bullish debit spread targeting $230-$250 strikes expiring December 20, 2024. The helium-model term structure indicates lower volatility ahead, making a debit spread optimal. This strategy leverages strong growth potential, positive analyst sentiment, and a controlled risk environment for a high reward-to-risk ratio.


July 16, 2024


Tetra Tech Forecast

TTEK      Tetra Tech











Correlated Assets

Assets that tend to move strongly with TTEK



HEI Forecast + Options Trading Strategies   HEI  Heico (0.94)


EWN Forecast + Options Trading Strategies   EWN  BlackRock Institutional Trust Company N.A. - iShares MSCI Netherlands (0.94)


VXUS Forecast + Options Trading Strategies   VXUS  Vanguard Group, Inc. - Vanguard Total International Stock (0.94)


NXPI Forecast + Options Trading Strategies   NXPI  NXP Semiconductors (0.93)


AXP Forecast + Options Trading Strategies   AXP  American Express (0.93)



Uncorrelated Assets

Assets with little price relationship to TTEK



LITE Forecast + Options Trading Strategies   LITE  Lumentum (0.0)


EH Forecast + Options Trading Strategies   EH  EHang Holdings Ltd - (-0.0)


CWEB Forecast + Options Trading Strategies   CWEB  Direxion Daily CSI China Internet Index Bu (0.01)


UNIT Forecast + Options Trading Strategies   UNIT  Uniti (0.02)


NOC Forecast + Options Trading Strategies   NOC  Northrop Grumman (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against TTEK



SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.86)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.88)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.88)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.9)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.92)





Become a more profitable investor with AI optimized trading strategies






×

Chat with TTEK


 Ask any question about TTEK!