Northland analyst Gus Richard raised the firm’s price target on Teradyne to $97 from $84 and keeps a Market Perform rating on the shares. The firm, which shuffled its estimate between product groups after the company’s earnings call, "fundamentally ends up close to where CY23 estimates were before" the company reported, though it is rolling out calendar 2024 estimates and notes that its new price target is based on a 2024 non-GAAP earnings forecast of $5.70 per share.
Published first on TheFly
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