Why Telos (TLS) Shares Are Trading Higher Today - Telos (NASDAQ:TLS)

Needham analyst Alex Henderson maintained Telos Corp TLS with a Buy and raised the price target from $10 to $13.
Telos announced today that the Transportation Security Administration had granted the company the authority to operate its TSA Precheck System.
Telos can now first provide initial trial enrollment services to a limited population of applicants to validate systems and processes. However, it still expects the ATO to be launched broadly in CY22.
TSA was initially likely to contribute ~$100 million to Telo's Revenue in CY22. Still, push-outs and delays led him to entirely remove TSA from the forecasts, making it a potential driver of significant upside.
He was encouraged by the news.
He saw it as a step in the right direction that could drive an upside to his model in CY23.
Price Action: TLS shares traded higher by 16.6% at $9.75 on the last check Thursday.

Telos Analyst Boosts Price Target By 30% After Winning TSA ATO, A Potential Driver Of Significant Upside