Craig-Hallum analyst Christian Schwab lowered the firm’s price target on Teradyne to $115 from $131 and keeps a Buy rating on the shares. The firm believes Teradyne thinks semiconductor unit growth of around 5%-8% in 2024 is likely. While navigating through the downturn, Craig-Hallum continues to believe the company can drive strong results in an eventual recovery scenario.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TER:
- Teradyne price target lowered to $100 from $135 at TD Cowen
- Notable companies reporting after market close
- TER Earnings this Week: How Will it Perform?
- Cathie Wood and BlackRock Have One Thing in Common: They’re Making a Big Bet on These 2 Stocks
- Teradyne price target lowered to $110 from $125 at BofA