Shares of cyber, cloud, and enterprise security solutions provider Telos Corp. (NASDAQ:TLS) are surging today after the stock received a rating upgrade from Wedbush’s Daniel Ives.
The analyst upped the rating on the stock to a Buy from a Hold while also increasing the price target to $15 from $9. The analyst believes deal conversions and tailwinds from a federal focus on cybersecurity are major positives for Telos.
Overall, the Street has a Moderate Buy consensus rating on Telos alongside an average price target of $10. This indicates a 15% potential downside in the stock though after gaining nearly 30% in the past month.
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