Teledyne Technologies (TDY) Stock Forecast & Price Target

$469.94

+26.45 (+5.96%)

(As of 10/23/2024 ET)

Teledyne Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 4 Analyst Ratings

Sell
0

Hold
1

Buy
3

Based on 4 Wall Street analysts who have issued ratings for Teledyne Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for TDY.

Consensus Price Target

$450.50
-4.14% Downside

According to the 4 analysts' twelve-month price targets for Teledyne Technologies, the average price target is $450.50. The highest price target for TDY is $482.00, while the lowest price target for TDY is $400.00. The average price target represents a forecasted downside of -4.14% from the current price of $469.94.

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TDY Analyst Ratings Over Time

Type	Current Forecast 10/25/23 to 10/24/24	1 Month Ago 9/25/23 to 9/24/24	3 Months Ago 7/27/23 to 7/26/24	1 Year Ago 10/25/22 to 10/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$450.50	$471.17	$474.57	$503.86
Forecasted Upside	-4.14% Downside	8.24% Upside	12.58% Upside	34.98% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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TDY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TDY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Teledyne Technologies Stock vs. The Competition

Type	Teledyne Technologies	Aerospace Companies	S&P 500
Consensus Rating Score	2.75	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-4.14% Downside	37.36% Upside	8.43% Upside
News Sentiment Rating	Positive News See Recent TDY News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	Needham & Company LLC 2 of 5 stars		Boost Target	Buy ➝ Buy	$455.00 ➝ $482.00	+15.59%
7/23/2024	Vertical Research 4 of 5 stars	K. Mccarthy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$470.00	+18.17%
4/26/2024	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	$490.00 ➝ $400.00	+6.08%
4/25/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$475.00 ➝ $450.00	+20.34%
10/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$530.00	+32.08%
9/27/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$495.00	+21.54%
8/14/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$423.00 ➝ $495.00	+29.11%
4/28/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$503.00 ➝ $499.00	+21.41%
12/12/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$445.00 ➝ $488.00	+20.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:25 AM ET.

Should I Buy Teledyne Technologies Stock? TDY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 20, 2024. Please send any questions or comments about these Teledyne Technologies pros and cons to contact@marketbeat.com.

Teledyne Technologies
Bull Case

Here are some ways that investors could benefit from investing in Teledyne Technologies Incorporated:

Teledyne Technologies Incorporated has a strong track record of beating earnings estimates, which indicates consistent profitability and potential for growth.
The company's current stock price is trading above both its 50-day and 200-day moving averages, signaling positive momentum in the stock.
With a debt-to-equity ratio of 0.28, Teledyne Technologies has a healthy balance sheet, indicating financial stability and lower risk.
Teledyne Technologies has a diverse range of enabling technologies for industrial growth markets, providing exposure to multiple sectors and potential for revenue growth.
Analysts anticipate a high EPS of 19.43 for the current fiscal year, suggesting strong future earnings potential for investors.

Teledyne Technologies
Bear Case

Investors should be bearish about investing in Teledyne Technologies Incorporated for these reasons:

The P/E ratio of 23.67 and P/E/G ratio of 3.05 indicate that the stock may be overvalued compared to its growth prospects, potentially leading to limited upside for investors.
Teledyne Technologies' revenue was down 3.8% compared to the same quarter last year, suggesting a potential slowdown in business performance.
The company's beta of 1.02 indicates that the stock's price is closely correlated with the overall market, potentially leading to higher volatility for investors.
Despite a strong balance sheet, the company's 52-week high of $448.19 may represent a near-term resistance level for the stock, limiting potential short-term gains.
Teledyne Technologies operates in competitive markets for scientific and technical instruments, which could pose challenges for sustained market share growth and profitability.

TDY Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Teledyne Technologies is $450.50, with a high forecast of $482.00 and a low forecast of $400.00.
: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Teledyne Technologies in the last year. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TDY shares.
: According to analysts, Teledyne Technologies's stock has a predicted downside of -4.14% based on their 12-month stock forecasts.
: Analysts like Teledyne Technologies more than other "aerospace" companies. The consensus rating score for Teledyne Technologies is 2.75 while the average consensus rating score for "aerospace" companies is 2.68. Learn more on how TDY compares to other companies.

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This page (NYSE:TDY) was last updated on 10/24/2024 by MarketBeat.com Staff

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