Needham Stick to Their Buy Rating for Teledyne Technologies By Investing.com

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Needham Stick to Their Buy Rating for Teledyne Technologies

Oct 27, 2021 02:45PM ET

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Needham analyst James Ricchiuti reiterated a Buy rating on Teledyne Technologies (NYSE:TDY) on Wednesday, setting a price target of $560, which is approximately 27.96% above the present share price of $437.63.

Ricchiuti expects Teledyne Technologies to post earnings per share (EPS) of $1.52 for the fourth quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Teledyne Technologies, with an average price target of $542.6.
The analysts price targets range from a high of $570 to a low of $525.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.12 billion and a net profit of $104.4 million. The company's market cap is $20.4 billion.

According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.1% and a 66.59% success rate.

Teledyne Technologies, Inc. engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation; Digital Imaging; Aerospace & Defense Electronics; and Engineered Systems. The Instrumentation segment includes monitoring and control instruments for marine, environmental, and industrial applications. The Digital Imaging segment offers sensors, cameras, and infrared systems. The Aerospace & Defense Electronics segment provides electronic components, data acquisition, subsystems, and communications equipment. The Engineered Systems segment develops and produces electrochemical energy systems and small turbine engines. The company was founded in 1960 and is headquartered in Thousand Oaks, CA.

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