Northland raised the firm’s price target on Telos to $8 from $6 and keeps an Outperform rating on the shares. Q4 results came in materially above guidance on the pull-in of a program from Q1, notes the analyst, who says the successful conversion of near-term pipeline gives the firm increased confidence for ongoing conversion of Telos’ roughly $3.4B mid- to long-term pipeline.
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Read More on TLS:
- Telos management to meet virtually with Northland
- Telos Corporation Announces Substantial Progress on New Business Capture; Reports Fourth Quarter and Full Year 2023 Results Above Expectations
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- TLS Earnings this Week: How Will it Perform?
