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Investing.com - Needham has raised its price target on Teledyne (NYSE:TDY) to $585.00 from $550.00 while maintaining a Buy rating following the company’s better-than-expected second-quarter results. The industrial technology company, currently valued at $25.5 billion, is trading near its 52-week high of $564.85, with an impressive year-to-date return of 19.8%. According to InvestingPro analysis, the stock appears to be fairly valued at current levels.
Teledyne reported a 10.2% increase in Q2 sales, exceeding Street expectations of 7% growth, potentially benefiting from pull-in demand resulting from global trade policies. The company’s earnings per share came in solidly above consensus estimates, with trailing twelve-month diluted EPS at $17.49 and a P/E ratio of 30.77.
The industrial technology firm saw improvement across its broad commercial business, led by instrumentation and parts of the Digital Imaging business, while its defense-related business has remained strong. Teledyne’s book-to-bill ratio stayed above 1.0 for the seventh consecutive quarter.
Needham noted that the main question in Teledyne’s outlook is whether the Q2 upside in the short-cycle business will come at the expense of second-half demand. The company currently reports no changes in its outlook, suggesting its Q3 and 2025 guidance could be conservative.
In response to the strong performance, Needham has slightly increased its 2025 and 2026 EPS estimates for Teledyne while reiterating its Buy recommendation.
In other recent news, Teledyne Technologies Incorporated reported its second-quarter earnings for 2025, exceeding Wall Street expectations. The company posted an earnings per share (EPS) of $5.20, surpassing the forecasted $5.05. Additionally, Teledyne reported revenue of $1.51 billion, which was higher than the anticipated $1.48 billion. These results highlight the company’s strong financial performance in the recent quarter. Despite the positive earnings report, Teledyne’s stock experienced a decline in pre-market trading. The company’s stock closed at $555.95, remaining within its 52-week range. These developments provide investors with critical insights into Teledyne’s recent financial standing.
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