Susquehanna Raises PT on Teradyne (TER), Keeps a Buy Rating

Teradyne, Inc. (NASDAQ:TER) is one of our Best Performing AI Stocks to Buy. The stock has gained more than 105% over the past half year, driven by the company’s addition to the NASDAQ 100 and the surging demand for AI testing.

​The analyst sentiment suggests further upside of around 8% over the next 12-months. The Street is projecting robust year-over-year revenue growth of approximately 86% for the next quarter.

​Recently, on June 30, Susquehanna raised its price target for Teradyne, Inc. (NASDAQ:TER) from $415 to $550, and maintained a Buy rating on the shares. The firm noted that the increased price target comes after channel checks that point towards an upward revision in SCE backlog, which now extends beyond one year. The firm also sees wafer fab equipment spending climbing as high as $300 billion, well above prior expectations.

​Based on these positive industry checks, the firm noted raising its 2026 and 2027 estimates for the company. The firm also noted introducing 2028 projections for the first time, based on an assumed WFE level of $250 billion.

Teradyne Inc. (NASDAQ:TER) designs and manufactures automated test systems and robotics solutions for global semiconductor, industrial, and logistics markets. The company provides critical testing platforms for electronic devices alongside collaborative robotic arms and autonomous mobile robots. The company’s test systems are essential for validating AI chips that power agentic AI models.

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