Analyst Krish Sankar of TD Cowen maintained a Buy rating on Teradyne, boosting the price target to $200.00.
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Krish Sankar has given his Buy rating due to a combination of factors that highlight Teradyne’s promising growth prospects. The company’s strong performance in AI compute and memory test demand has led to results that exceeded market expectations, and this momentum is expected to continue into early 2026. Sankar anticipates high-teens percentage growth in 2026, driven by year-over-year increases in memory test demand, potential wins in GPU testing, and a recovery in the robotics segment.
Additionally, Teradyne’s guidance for the December quarter indicates significant revenue growth, primarily from compute and memory segments. While there are challenges such as customer concentration leading to demand fluctuations, the potential for additional wins in cloud service provider and GPU testing offers further upside. The industrial automation segment also shows potential for growth, particularly with a large e-commerce customer expected to ramp up in 2026. These factors contribute to the positive outlook and the Buy rating for Teradyne’s stock.
In another report released today, Northland Securities also maintained a Buy rating on the stock with a $161.00 price target.