Teradyne (TER – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Krish Sankar from TD Cowen maintained a Buy rating on the stock and has a $100.00 price target.
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Krish Sankar has given his Buy rating due to a combination of factors that highlight Teradyne’s strong performance and strategic initiatives. The company reported better-than-expected results for the March 2025 quarter, with revenues and gross margins surpassing market estimates. This was primarily driven by a favorable product mix in the semiconductor test segment, despite some challenges in industrial automation and product testing.
Additionally, Teradyne’s strategic moves, such as securing a significant win in HBM4 wafer sorting and expanding its stock buyback program to $1 billion, further support the positive outlook. The company also remains confident in its free cash flow prospects, bolstered by strong demand in AI compute testing and a notable win in industrial automation from a global automaker. However, some uncertainties remain due to tariff-related demand push-outs and a decline in memory test orders, but these are balanced by the company’s cost discipline and strategic growth initiatives.
Sankar covers the Technology sector, focusing on stocks such as Apple, Lam Research, and Teradyne. According to TipRanks, Sankar has an average return of 10.2% and a 47.32% success rate on recommended stocks.
In another report released today, Northland Securities also maintained a Buy rating on the stock with a $105.00 price target.
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