Teledyne Technologies (TDY) Stock Forecast & Price Target

$483.69 +3.47 (+0.72%)

(As of 11/22/2024 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

Buy

Based on 4 Analyst Ratings

Sell
0

Hold
0

Buy
4

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 "Buy." Out of the 4 analysts, 4 have given a buy rating for TDY.

Consensus Price Target

$517.50
6.99% Upside

According to the 4 analysts' twelve-month price targets for Teledyne Technologies, the average price target is $517.50. The highest price target for TDY is $550.00, while the lowest price target for TDY is $470.00. The average price target represents a forecasted upside of 6.99% from the current price of $483.69.

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TDY Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	0 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	$517.50	$474.50	$471.17	$503.86
Forecasted Upside	6.99% Upside	0.35% Upside	11.51% Upside	26.10% Upside
Consensus Rating	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	3.00	2.64	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	6.99% Upside	82.84% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent TDY News	Positive 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
11/11/2024	Needham & Company LLC 2 of 5 stars		Boost Target	Buy ➝ Buy	$528.00 ➝ $550.00	+12.42%
11/8/2024	Bank of America 4 of 5 stars		Upgrade	Neutral ➝ Buy	$450.00 ➝ $550.00	+15.21%
10/24/2024	TD Cowen 4 of 5 stars		Boost Target	Buy ➝ Buy	$450.00 ➝ $500.00	+6.34%
7/23/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Mccarthy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$470.00	+18.17%
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 Saturday at 03:19 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 Wednesday, November 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 reported earnings per share of $5.10 for the latest quarter, exceeding the consensus estimate of $4.97, indicating strong financial performance and effective management.
The company achieved a revenue of $1.44 billion, surpassing analyst expectations of $1.42 billion, which reflects robust demand for its products and services.
With a current stock price around $487.33, the company has shown resilience and growth potential, making it an attractive option for investors looking for stability in the scientific and technical instruments sector.
Teledyne Technologies Incorporated has a return on equity of 10.02%, which suggests that the company is effective at generating profits from its equity, a positive indicator for potential investors.
Recent upgrades from multiple analysts, including a target price increase to $550.00, suggest strong market confidence in the company's future performance.

Teledyne Technologies
Bear Case

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

The company has a relatively high price-to-earnings ratio of 25.38, which may indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
Insider selling activity, such as the recent sale of 46,075 shares by the chairman, could signal a lack of confidence in the company's short-term prospects.
Despite a year-over-year revenue increase of 2.9%, the growth rate may not be sufficient to attract aggressive growth investors, especially in a competitive market.
The company's beta of 1.01 indicates that its stock price moves in line with the market, which may not appeal to investors seeking higher volatility for greater returns.
With only 2.14% of the stock owned by insiders, there may be concerns about alignment between management and shareholder interests, which can affect long-term performance.

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 $517.50, with a high forecast of $550.00 and a low forecast of $470.00.
: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teledyne Technologies in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TDY shares.
: According to analysts, Teledyne Technologies's stock has a predicted upside of 6.99% based on their 12-month stock forecasts.
: Over the previous 90 days, Teledyne Technologies's stock had 1 upgrade by analysts.
: Teledyne Technologies has been rated by research analysts at Bank of America, Needham & Company LLC, and TD Cowen in the past 90 days.
: Analysts like Teledyne Technologies more than other "aerospace" companies. The consensus rating for Teledyne Technologies is Buy while the average consensus rating for "aerospace" companies is Moderate Buy. Learn more on how TDY compares to other companies.

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This page (NYSE:TDY) was last updated on 11/23/2024 by MarketBeat.com Staff

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Teledyne Technologies (TDY) Stock Forecast & Price Target