Telos price target lowered to $3.75 from $4.50 at B. Riley

B. Riley lowered the firm’s price target on Telos (TLS) to $3.75 from $4.50 and keeps a Buy rating on the shares. The company reported Q1 results that beat revenue and adjusted EBITDA expectations and reaffirmed prior fiscal 2025 modeling assumptions, the analyst tells investors in a research note. The firm believes the post earnings share weakness as overdone, and recommends investors take advantage ahead of strengthening metrics in the second half of 2025.