Morgan Stanley upgraded Teradyne (TER) to Equal Weight from Underweight with a price target of $100, up from $74, after its Q2 earnings beat. The stock rose on the back of optimistic commentary on the prospects of penetrating Nvidia (NVDA) beyond their existing position, Morgan Stanley noted. Commentary on Compute opportunity was also more bullish than expected, and while the firm is taking a “conservative stance”, the optionality should support shares near term, the analyst tells investors in a research note.
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