Teledyne (TDY) PT Raised to $750 at Stifel

Stifel analyst Jonathan Siegmann raised the price target on Teledyne (NYSE: TDY) to $750.00 (from $720.00) while maintaining a Buy rating.

The analyst commented, "TDY reported sales and earnings ahead of both guidance and Street expectations in 1Q and raised full year 2026 guidance in-line with the beat. Sales increased 7.6% y/y to $1.56b compared to Street expectations of $1.51b on the back of better than expected organic growth (+5.3%). Further, TDY's bookings accelerated sequentially to 1.16x. Adj. EPS came in at $5.80 compared to the Street's $5.47 estimate. The company raised 2026 sales guidance to $6.415 (previously $6.37) with an assumption of ~4% organic growth. On the call, TDY highlighted the increasing demand for defense products across their portfolio including drones/drone sensors, C-UAS sensors, and maritime systems. Further, the company will be increasing capex and R&D investments to meet new demand signals and support further growth. We came away impressed by the results to start the year and maintain our Buy rating with a new $750 TP."

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