Taylor Devices reported a weak quarter with a 26% year-over-year revenue decline and a 44% revenue miss. Despite this, the company maintains a record backlog of $55.2 million, indicating strong demand for its products. Unusual gross margin and working capital shifts suggest ongoing project activity not yet reflected in revenue. The revenue shortfall appears to be a timing issue rather than a demand problem, leading to an upgraded Strong Buy rating and a target price of $74.70, expecting a sharp earnings rebound as backlog converts to revenue.
Taylor Devices stock context is provided here for readers. As of Oct 03, 2026 17:01 WIB, 60 of 93 Industrials-sector US stocks on Pluang rose today, while 31 fell. Notable movers include FLUX at USD 0.64 (+57.40%), SMX at USD 3.82 (-37.99%), and FCEL at USD 18.47 (+11.47%).
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