Taylor Devices Inc (TAYD)

Freedom Broker upgraded Taylor Devices Inc. (NASDAQ:TAYD) stock rating to Buy from Hold and raised its price target to $70 from $67. The upgrade was driven by a sharp recovery in the company's backlog to a record $52.8 million, which improves future sales visibility, especially in the defense sector, despite weaker-than-expected Q4 fiscal 2026 results. The stock has seen a significant decline over the past six months, and InvestingPro analysis suggests it is currently overvalued.

Freedom Broker has upgraded its rating on Taylor Devices (TAYD) shares to “Buy” from “Hold,” raising the target price from $67 to $70, which implies an upside of about 21%. This upgrade is driven by a record order backlog, particularly from aerospace and defense customers, despite a recent dip in revenue due to delayed contract placements. Analysts expect significant recovery in financial performance, with the defense segment serving as the primary growth driver, while the construction market remains a risk factor.

This article details Friday's top Wall Street analyst upgrades, downgrades, and new coverage initiations for various companies, including Broadcom, Equifax, and NVIDIA. It also provides a brief market overview, noting a higher pre-market futures trend despite Thursday's risk-off trading, and highlights movements in Treasury bonds, oil, gold, and cryptocurrencies. Walmart's nearly 10% drop after disappointing sales outlook is also mentioned.

Freedom Broker upgraded Taylor Devices (NASDAQ:TAYD) stock rating to Buy from Hold and raised its price target to $70, despite weak fourth-quarter fiscal 2026 results. The upgrade is attributed to a sharp recovery in the company's backlog, which reached a record $52.8 million, significantly improving visibility into future sales, particularly in the defense sector. The stock has seen a nearly 38% decline over the past six months but the increased backlog and favorable defense programs are seen as positive indicators.

Taylor Devices (TAYD) saw its stock rally by 3.2% despite reporting a significant decrease in Q4 2026 revenue and net income compared to the previous year. Investors appear to be focusing on the company's resilient trailing net profit margin, which slightly improved to 20.6%. While revenue and earnings growth present a bearish concern, the market's positive reaction suggests confidence in the company's profitability and its role as an engineering and infrastructure safety provider.