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Freedom Broker cuts Taylor Devices stock price target on revenue miss
Freedom Broker has lowered its price target for Taylor Devices, Inc. (NASDAQ:TAYD) to $67.00 from $70.00, while maintaining a Hold rating, following the company's third-quarter fiscal 2026 revenue miss. The shortfall is attributed to contract execution delays, a reduced backlog, and the lingering effects of last year’s U.S. government shutdown, despite improved operating profitability and resilient defense segment demand. InvestingPro analysis suggests the stock is currently overvalued, and this adjustment comes after a previous downgrade by Freedom Capital Markets from Buy to Hold, though with an increased price target, reflecting ongoing analyst assessments of the company's financial performance.