Goldman Sachs Raises its Price Target on Teradyne (TER) to $350

Teradyne, Inc. (NASDAQ:TER) is one of the 10 AI Stocks with Potential to Rise 1000 Percent.

On April 30, 2026, Goldman Sachs raised its price target on Teradyne, Inc. (NASDAQ:TER) to $350 from $300 and maintained a Buy rating. The firm said the company delivered a strong quarter that may have been overshadowed by elevated expectations and a sharp year-to-date rally in the stock. Goldman pointed to solid demand trends in semiconductor testing, particularly in compute and memory, including HBM and DRAM, as well as the addition of a new merchant GPU customer, reinforcing Teradyne’s positioning in AI-driven demand despite some uneven revenue timing.

Citi also raised its price target on Teradyne, Inc. (NASDAQ:TER) to $400 from $325 and kept a Buy rating following the earnings report. The firm said it increased estimates, citing continued strength in AI-related growth drivers.

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On April 28, 2026, Teradyne, Inc. (NASDAQ:TER) reported Q1 EPS of $2.56, ahead of consensus estimates of $2.11, while revenue rose to $1.28 billion. CEO Greg Smith said the company delivered record results in the quarter, with roughly 70% of revenue tied to AI-related demand. He added that all major segments, including Semiconductor Test, Product Test, and Robotics, posted strong year-over-year growth, supported by the company’s strategy spanning wafer-level testing through AI data center deployment.

Teradyne, Inc. (NASDAQ:TER) designs and manufactures automated test equipment and robotics systems used across semiconductor and industrial applications globally.

While we acknowledge the risk and potential of TER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TER and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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