Teledyne Technologies stock: Needham raises target for Teledyne stock to USD 775 from USD 760

Published on 10/24/2026 at 03:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales rose 9.4 percent to USD 1.68 billion. For Teledyne Technologies stock, adjusted earnings per share outlook is USD 25.40-25.50.

Guidance and valuation shape the story

Needham lifted its Teledyne target to USD 775 from USD 760 on October 23, 2026.
Third-quarter GAAP diluted earnings per share reached USD 5.82 on October 21, 2026.
Teledyne carried a USD 29.0 billion market capitalization as of October 23, 2026.

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Teledyne Technologies (ISIN US8793601050) raised its full-year 2026 earnings outlook after third-quarter sales reached USD 1,684.9 million, up 9.4 percent from the prior year. The latest analyst move came from Needham on October 23, 2026, when it lifted the price target to USD 775 from USD 760 while maintaining a Buy rating, according to Investing.com.

Record sales lift the outlook

Teledyne reported third-quarter 2026 GAAP diluted earnings per share of USD 5.82, compared with USD 4.65 a year earlier. Adjusted diluted earnings per share reached USD 6.72, up 20.6 percent year over year, while adjusted operating margin expanded to 23.9 percent from 22.1 percent, according to the company's October 21, 2026 earnings release from Teledyne Technologies.

Management raised full-year 2026 GAAP earnings per share guidance to USD 21.71-21.87 from USD 20.73-20.99. The non-GAAP outlook moved to USD 25.40-25.50 from USD 24.45-24.65, giving the analyst target increases a fresh operating benchmark.

Three milestones reset expectations

On August 10, 2026, Teledyne agreed to acquire Varex Imaging for approximately USD 1.1 billion. On October 21, 2026, it reported third-quarter net sales of USD 1,684.9 million and raised its full-year outlook. On October 23, 2026, Needham raised its target to USD 775 from USD 760, according to Investing.com.

What dates come next?

Teledyne's October 21, 2026 release identified October 28, 2026 as the date of Varex's special meeting. The Varex transaction is expected to close in early 2027, subject to customary conditions and approvals, according to Teledyne Technologies.

Primary quote and valuation

Teledyne's last reported NYSE quote was USD 625.41 on October 23, 2026 at 4:00 p.m. ET. Its market capitalization was USD 29.0 billion, while the 52-week range stood at USD 483.02 to USD 697.67 as of October 23, 2026. The combination of higher guidance and stronger Digital Imaging performance gives the updated targets a clear earnings-based reference point.