Teledyne Technologies stock gets USD 760.00 target from Needham

Published on 09/29/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Teledyne Technologies stock posted USD 1.66 billion in second-quarter revenue and adjusted EPS of USD 6.28. The shares were EUR 537.00, down 0.74 percent.

Ingenieure in Reinraumanzügen prüfen optische Sensoren in moderner Elektronikfertigung — Teledyne Technologies (US8793601050) zeigt hochmoderne Reinraum-Fertigung von Präzisionssensoren für die globale Elektronikbranche, Illustration mit AI erstellt.

Teledyne Technologies stock (ISIN US8793601050) was trading at EUR 537.00 at Lang & Schwarz on September 29, 2026, down 0.74 percent from the prior close of EUR 541.00. The market is weighing a USD 760.00 Needham target against a share price that remains below its 52-week high of USD 697.67 on the NYSE.

Needham raises its target

According to Investing.com on September 15, 2026, Needham lifted its target from USD 750.00 to USD 760.00 and maintained a Buy rating. The brokerage tied its view to a short-cycle recovery and demand for defense applications including drones, counter-drone systems, subsea vehicles and space-based sensors.

The revised target is USD 223.00 above the Lang & Schwarz price, but the comparison uses different currencies and is therefore not a percentage calculation. The more useful operating signal is the company result that supported the analyst view.

Second-quarter figures beat estimates

Teledyne reported second-quarter 2026 revenue of USD 1.66 billion, compared with a USD 1.58 billion consensus, while adjusted EPS reached USD 6.28 against USD 5.79 expected, according to MarketBeat. Revenue was 9.8 percent higher than in the comparable quarter, and the reported EPS exceeded consensus by USD 0.49.

The result gives the target increase a measurable foundation: demand was not only a valuation story, but also came with a quarterly revenue beat and higher earnings than analysts expected. Teledyne's businesses span instrumentation, digital imaging, aerospace and defense electronics, and engineered systems.

Imaging adds a product catalyst

On September 22, 2026, Teledyne e2v introduced the Nexora family of global-shutter CMOS image sensors for machine vision, with 12-megapixel and 16-megapixel versions, as Finanznachrichten reported. The sensors target high-speed imaging, intelligent traffic systems and outdoor surveillance, extending Teledyne's product reach beyond defense programs.

Stock stays below its yearly high

Teledyne Technologies had a market capitalization of USD 28.2 billion on September 29, 2026. Its 52-week NYSE range was USD 483.02 to USD 697.67, placing the Lang & Schwarz euro quote in a broader context while keeping the reference price separate from the US listing.