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- Piper Sandler analyst Weston Twigg initiated coverage of Teradyne Inc (NASDAQ:TER) with an Overweight rating and a $137 price target, implying a 21.54% upside.
- The analyst believes Teradyne will achieve "high growth" in its robotics segment while generating high margins and moderate growth in its core automated test segments.
- While robotics revenue is only 10% of total), industrial automation tailwinds will make Teradyne an "attractive focus for investors as the segment expands," Twigg notes.
- Teradyne Inc designs, develops and manufactures automatic test systems for semiconductors, wireless products, data storage, and electronic systems in the wireless, automotive, industrial, communications, aerospace, and defense industries.
- Price Action: TER shares traded higher by 0.75% at $113.57 in the market session on the last check Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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