The latest trading day saw Teradyne (TER) settling at $137.15, representing a -1.2% change from its previous close.
TER suffers from soft demand and macro challenges, but its growing robotics and AI focus are likely to drive a strong rebound.
Teradyne (TER) closed at $125.19 in the latest trading session, marking a +1.15% move from the prior day.
Shares of Teradyne Inc TER climbed in early trading on Monday.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
JPMorgan analyst Samik Chatterjee upgraded Teradyne to Overweight from Neutral with a price target of $158, up from $145. The firm says improvements in the VIP application-specific integrated circuit total addressable market, memory market, as well as mobility will in aggregate put Teradyne in a much better position to achieve its 2026 targets and potentially hit the higher end of them. The shares have "ample room for upside" if the targets are achievable, the analyst tells investors in a research note.
In the most recent trading session, Teradyne (TER) closed at $120.95, indicating a +0.62% shift from the previous trading day.
Teradyne, dominating the semiconductor testing market with Advantest, has a strong economic moat and is poised for growth driven by Cloud AI Compute and more cyclical segments. Revenue growth targets 13-20% from 2023-2026, with Test Revenue CAGR of 12-18% and Robotics Revenue CAGR of 20-30%, though longer-term estimates are lower. A DCF model with 10% WACC and 3.6% growth in perpetuity gives a Fair Value of $130.9, presenting a 21% upside from the current price of $108.
Teradyne Inc is a high-quality tech stock with strong profitability metrics and competitive advantages in the semiconductor materials and equipment industry. Despite a high valuation compared to past multiples, TER's expected earnings growth and recent sharp price drop make it a buy at current levels. TER's Q3 results showed strong performance, with a double beat on top and bottom lines, driven by Cloud AI demand and record memory revenue.
Examine the evolution of Teradyne's (TER) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Although the revenue and EPS for Teradyne (TER) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
TER third-quarter 2024 results benefit from strong momentum in the memory test end-market and increased compute demand for AI applications.