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Teledyne Technologies raises 2023 outlook after strong Q3 growth and Varex acquisition boost

Analyst Insights
22 Oct 2026
Seeking Alpha
View Source
Bullish
Teledyne Technologies raises 2023 outlook after strong Q3 growth and Varex acquisition boost

Teledyne Technologies reported strong Q3 results driven by 15% revenue growth and 34.9% higher adjusted operating income in its Digital Imaging segment. The company raised its 2023 adjusted EPS guidance to $25.40–$25.50 and revenue forecast to $6.625 billion, reflecting 8.3% growth. The recent acquisition of Varex Imaging and a strong backlog support a 25% upside in the stock's base case price target, with potential for further gains as earnings projections extend to 2028. This positive outlook reinforces Teledyne as a buy for investors seeking growth in aerospace and imaging sectors.

Teledyne Technologies is highlighted here alongside Industrials-sector market data from Pluang as of Oct 22, 2026 17:11 WIB. For readers following Industrials, of 135 priced US stocks on Pluang, 30 rose and 99 fell today. Notable movers include Rollins Inc. (ROL) at USD 30.99 with a -7.35% change and a typical hold time of 7 days, Bloom Energy (BE) at USD 225.70 down 5.38% with 79% buy order activity and a 12-day hold, and FuelCell Energy Inc (FCEL) at USD 12.51 down 5.23% with 68% sell order activity and a 48-day hold.

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