Wall Street Bullish on Telos Corporation (TLS) Amid Improving Financials, Price Target Raised

Telos Corporation (NASDAQ:TLS) is one of the best cybersecurity stocks to buy under $50. Telos Corporation (NASDAQ:TLS) holds a Moderate Buy consensus rating from 5 analysts, with 3 Buys and 2 Holds. It commands an average price target of $8.70, implying 53.44% upside potential from the current share price.

Wall Street Bullish on Telos Corporation (TLS) Amid Improving Financials, Price Target Raised

The stock continues to elicit positive ratings on Wall Street. On November 15, analysts at DA Davidson raised the stock’s price target to $7.50 from $4 while reiterating a Neutral rating. The price target hike is in response to the company’s solid third-quarter results, which exceeded expectations. It achieved the highest EBITDA level since 2018 at 19.6%.

Revenue came in above guidance at $51.4 million, driven by stronger-than-forecast second-half performance in Telos ID. It was also up 116% year over year amid the ongoing expansion of large Telos ID programs. Likewise, the company’s net loss narrowed to $0.03 a share in the quarter from $0.39 a share in the same quarter last year.

Meanwhile, on November 11, Northland raised its price target of Telos to $9 from $7 while reiterating an Outperform rating. The positive stance underscores the firm’s confidence in the company’s outlook, impressed by the full-year 2025 outlook that implies a 40% increase in EBITDA margins.

Telos Corporation (NASDAQ:TLS) is a cybersecurity and cloud solutions company that provides security services for government agencies and other security-conscious organizations. Their offerings include a platform for cyber risk management, Xacta, and secure communication systems such as the Automated Message Handling System.

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Disclosure: None. This article is originally published at Insider Monkey.