Do Wall Street Analysts Like Teledyne Technologies Stock?

Teledyne Technologies Incorporated (TDY), a leading provider of advanced instrumentation headquartered in Thousand Oaks, California, currently has a market capitalization of $29.1 billion. Despite underperforming the broader market over the past year, TDY's stock experienced a notable 24.1% increase in 2026, surpassing the S&P 500 Index's 12.1% rise on a year-to-date basis.

However, comparisons to the State Street Technology Select Sector SPDR ETF (XLK) highlight TDY's underperformance, with the ETF gaining 39% over the past year and 27% YTD. TDY's lag in organic revenue growth and macroeconomic challenges in its commercial industrial markets, particularly in industrial automation and semiconductor test equipment, has contributed to its underperformance.

Despite these challenges, TDY's Q2 results exceeded expectations, with adjusted EPS of $6.28 compared to the forecasted $5.78, while revenue grew 9.8% year-over-year. For the fiscal year ending in December, analysts project TDY's EPS to increase 12.3% to $24.69 on a diluted basis. Currently, the consensus among 11 analysts is a "Moderate Buy," with Morgan Stanley maintaining a "Hold" rating and a price target of $715, indicating a potential 12.9% upside from current levels.