Teradyne, Inc. (NASDAQ:TER) is one of the
10 Best ARK Stocks to Buy Right Now.
On April 30, Morgan Stanley analyst Shane Brett bumped up its price target on Teradyne, Inc. (NASDAQ:TER) to $387 from $376. It maintained an “Equal Weight” rating on the shares. The analyst said that estimates moved higher, though “bull case networking expectations will have to be tempered.”The firm remains marginally more bullish than negative while still backing the underlying fundamentals.
On April 29, Reuters reported Teradyne, Inc. (NASDAQ:TER) estimated second quarter revenue between $1.15 billion and $1.25 billion, behind its first quarter $1.28 billion. The company expects adjusted EPS to be $1.86 to $2.15 compared to $2.56 posted in Q1. Shares dropped more than 8% in extended trading.
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Reuters reported that first-quarter revenue jumped by 87% year over year because of AI-linked semiconductor demand, yet the sequential slowdown reset expectations. The company also recently acquired TestInsight, growing its semiconductor test software capabilities.
Teradyne, Inc. (NASDAQ:TER) develops and sells automatic test systems. It operates in three business segments: Semiconductor Test, Robotics, and All Other.
While we acknowledge the potential of TER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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