Telos price target lowered to $8 from $10 at Wedbush

Wedbush lowered the firm’s price target on Telos (TLS) to $8 from $10 and keeps an Outperform rating on the shares. The firm notes Telos reported its Q4 results which featured beats across all key metrics while also providing its initial FY26 guidance that met Street expectations. While Wedbush is lowering its price target following the recent software selloff, the firm remains confident in Telos’ growth story heading into FY26, as it continues to see strong demand for its federal offerings.