UPDATE: Piper Sandler Starts Teradyne (TER) at Overweight

Piper Sandler analyst Weston Twigg initiates coverage on Teradyne (NASDAQ: TER) with a Overweight rating and a price target of $137.00.

The analyst comments "We are initiating coverage at Overweight based on our view that Teradyne will achieve high growth in its robotics segment while generating high margins and moderate growth in its core automated test segments. While robotics revenue is low (roughly 10% of total), we believe industrial automation tailwinds will make TER an attractive focus for investors as the segment expands. Our $137 PT is based on 22x C2022 P/E."

For an analyst ratings summary and ratings history on Teradyne click here. For more ratings news on Teradyne click here.

Shares of Teradyne closed at $108.47 yesterday.

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