Analyst Krish Sankar of TD Cowen maintained a Buy rating on Teradyne (TER – Research Report), reducing the price target to $110.00.
Krish Sankar has given his Buy rating due to a combination of factors that suggest potential growth and recovery for Teradyne. Despite the recent downward revision in revenue growth expectations for 2025, the company anticipates a significant recovery in the second half of the year. This recovery is expected to be driven by improvements in the semiconductor test market, where current weaknesses are primarily due to tariff impacts and export restrictions affecting demand.
Additionally, Teradyne’s long-term growth prospects remain promising, with a focus on expanding its Industrial Automation division. The company is actively rolling out new products and seeking to increase its market share, aiming for a compound annual growth rate that surpasses industry peers. These strategic efforts, coupled with reorganization initiatives to improve profitability, underpin Sankar’s confidence in Teradyne’s ability to achieve its long-term revenue targets, justifying the Buy rating.
According to TipRanks, Sankar is a 5-star analyst with an average return of 13.5% and a 49.55% success rate. Sankar covers the Technology sector, focusing on stocks such as Micron, Apple, and Lam Research.
In another report released on March 7, Vertical Research also initiated coverage with a Buy rating on the stock with a $135.00 price target.
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