Stifel Sees Upside for Teradyne (TER) from AI and Semi Test Share Gains

Group 1 - Teradyne, Inc. is recognized as one of the top AI stocks to monitor, with a price target raised to $325.00 from $280.00 while maintaining a Buy rating due to a positive outlook driven by AI and semiconductor test share gains [1][4]. - The company's semiconductor test business now derives over 70% of its revenue from artificial intelligence applications, with management forecasting a revenue split of 60/40 between the first and second halves of 2026 [2][3]. - Teradyne's mid-term target model is aligned with a $13 billion semiconductor test total addressable market (TAM), aiming for $10.25 EPS on $6 billion revenue, reflecting a renewed growth outlook [4][3]. Group 2 - Incremental contributions to revenue are expected in the second half of 2026, with potential for a 30% or higher market share in the coming years [3][2]. - The company designs, develops, and manufactures automated test equipment and advanced robotics systems for the manufacturing and electronics industries [5].