Analysts are Increasing Price Targets of Tesla and 4 Other Stocks

In this article, we discuss the 5 stocks that analysts are increasing price targets of. If you want to read our detailed analysis of these stocks, go directly to Analysts are Increasing Price Targets of Tesla and 9 Other Stocks.

5. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 44 

Teradyne, Inc. (NASDAQ:TER) soared over 6% last week as the firm topped market expectations on earnings for the third quarter. The company, which sells automatic test equipment used by semiconductor manufacturers, has benefited from the surge in chip prices this year on the back of supply chain constraints and increased post-pandemic demand. The increased investment from the government in chipmakers, including $50 billion from the recent Biden infrastructure plan, is another growth catalyst for the firm. 

On October 28, investment advisory Craig-Hallum upgraded Teradyne, Inc. (NASDAQ:TER) stock to Buy from Hold and raised the price target to $138 from $120, noting that the firm had posted better than expected results and guidance in the third quarter. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Teradyne, Inc. (NASDAQ:TER) with 128 million shares worth more than $544 million.