Teledyne Technologies stock gains 0.77 percent as targets rise
Published on 10/04/2026 at 09:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Teledyne Technologies (ISIN US8793601050) closed at USD 617.40 on the NYSE on October 2, 2026, up 0.77 percent for the session. The latest analyst moves keep attention on the company's defense exposure and recovery in short-cycle markets.
Analysts raise their targets
On September 15, 2026, Needham analyst James Ricchiuti raised the price target from USD 750 to USD 760 and reiterated a Buy rating, as Yahoo Finance reported. The change was tied to a broadening short-cycle recovery and opportunities in modern defense applications.
UBS assigned a Buy rating and a USD 785 price target on September 28, 2026, according to Markets Insider. The report also cited a Moderate Buy consensus and a USD 758.20 average target.
Q2 results set the benchmark
For the quarter ended June 28, 2026, Teledyne reported revenue of USD 1.66 billion and net profit of USD 251.7 million, according to Markets Insider. Revenue compared with USD 1.51 billion in the year-earlier quarter, while profit rose from USD 209.9 million.
Adjusted EPS reached USD 6.28 versus USD 5.79 consensus, and revenue exceeded the USD 1.58 billion estimate, MarketBeat reported on September 21, 2026. That comparison gives the current valuation story a concrete operating reference rather than relying only on analyst optimism.
Guidance and valuation matter
Management's fiscal 2026 guidance calls for non-GAAP EPS of USD 24.45-24.65, while Q3 guidance stands at USD 6.05-6.15. The company also expects 2026 revenue above USD 6.53 billion, with defense growth at high-single-digit rates and short-cycle commercial growth in the mid-single digits.
At the October 2, 2026 close, Teledyne's market capitalization was USD 28.6 billion and its 52-week range was USD 483.02 to USD 697.67. The stock therefore remained below its annual high while its latest quarterly beat and higher analyst targets supplied the central counterweight to valuation risk.
Teledyne stock closes above USD 617
Teledyne Technologies stock closed at USD 617.40 on the NYSE on October 2, 2026, with volume of 181,904 shares and a daily gain of 0.77 percent.
Teledyne Technologies stock snapshot
- Company: Teledyne Technologies Incorporated
- ISIN: US8793601050
- Ticker: TDY
- Trading venue: NYSE
- Price (as of October 2, 2026, 3:59 p.m. ET): USD 617.40, closing price
- Market capitalization: USD 28.6 billion (as of October 2, 2026)
- 52-week range: USD 483.02-697.67 (as of October 2, 2026)
- Sector / Industry: Technology / Electronic Equipment, Instruments and Components
