Teradyne (TER) PT Raised to $48 at Citi

Citi raised its price target on Teradyne (NYSE: TER) to $48.00 (from $43.00) while maintaining a Buy rating.

Analyst Atif Malik cited stable long-term semi test fundamentals and multiple expansion on growing industrial exposure to cobots.

In addition, they view rising SoC test demand driven by device complexity and slowing of Moore’s law as a structural shift in the back-end market.

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