Teradyne (TER) PT Raised to $150 at Stifel

Stifel analyst Brian Chin raised the price target on Teradyne (NASDAQ: TER) to $150.00 (from $100.00) while maintaining a Hold rating.

The analyst commented: "We have a Hold rating on Teradyne. Cyclical headwinds to semiconductor unit shipments have begun to abate in CY24. Teradyne remains a leader in the semi test market and is seeing some improvement in AI applications (networking and memory), but at current valuation we prefer to see more convincing signs of consumer phone/PC recovery and/or progress driving GPU/ASIC share in the high-growth compute test TAM to revisit our rating."

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