In a report released today, Atif Malik from Citi maintained a Buy rating on Teradyne (TER – Research Report), with a price target of $100.00.
Atif Malik has given his Buy rating due to a combination of factors influencing Teradyne’s market position and future prospects. Despite a recent decline in stock price following a revised near-term outlook, Malik sees potential in Teradyne’s strategic moves. The company’s acquisition of Quantifi Photonics is viewed positively, as it is expected to enhance Teradyne’s capabilities in the CPO and silicon photonics sectors.
Furthermore, Malik notes Teradyne’s reiterated long-term targets, with expectations to gain market share in memory, compute, and auto/industrial sectors. This strategic positioning, coupled with the company’s alignment with market growth in mobile, supports the Buy rating. Malik also suggests that Teradyne should provide guidance on a quarterly basis, reflecting its current visibility and aligning with industry peers.
In another report released today, Evercore ISI also maintained a Buy rating on the stock with a $115.00 price target.
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