Teradyne price target raised to $120 from $110 at Baird

Baird raised the firm’s price target on Teradyne to $120 from $110 and keeps an Outperform rating on the shares. The firm said AI-related drivers emerged sooner than expected to perk up 2024, while Mobility still remains in recovery mode. Their emergence bodes well as the company aims to penetrate new silicon providers as their products scale.