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.

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.