Wedbush analyst Daniel Ives maintained a Buy rating on Telos (TLS) on March 2 and set a price target of $45.00. The company’s shares closed last Wednesday at $32.83.
According to TipRanks.com, Ives is a top 100 analyst with an average return of 32.2% and a 67.0% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.
Currently, the analyst consensus on Telos is a Strong Buy with an average price target of $35.86, which is a 6.3% upside from current levels. In a report issued on March 2, Needham also maintained a Buy rating on the stock with a $45.00 price target.
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Based on Telos’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $47.44 million and GAAP net loss of $200K. In comparison, last year the company earned revenue of $45.53 million and had a net profit of $2.23 million.
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Telos Corp is an information technology company. Along with its subsidiaries, the company engages in designing and providing technologies to deliver solutions that empower and protect the enterprises. It generates revenue from software license, delivery of the software and from contracts and sub contracts for the United States Government.
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