Teradyne Positioned for AI Growth with Strong Robotics and Auto Test Markets, Analyst Upgrades Stock

Cantor Fitzgerald analyst C J Muse upgraded Teradyne Inc TER from Neutral to Overweight and a $160 price target. Muse termed Teradyne one of the sneakier AI plays in semiconductors, adding it to its Top Picks list. He said it has excellent leverage for networking and high-bandwidth memory (HBM) and is growing in traction on the Custom Silicon side of the house. Teradyne is also well-levered to a broader industry recovery given an outsized share in Auto or Industrial test, strong positioning in the robotics ...