Teradyne (ETR) Extends 4-Day Run as Analyst Goes Bullish on PT, Rating

We recently published 10 Stocks Stealing Wall Street’s Spotlight. Teradyne Inc. (NASDAQ:TER) is one of the top performers on Monday.

Teradyne extended its winning streak for a fourth consecutive day on Monday, jumping 12.79 percent to close at $135.18 apiece as investors took heart from an analyst’s upgraded price target and bullish rating for its stock.

In a market note, investment firm Susquehanna raised its price target for Teradyne Inc. (NASDAQ:TER) by 50.37 percent to $200 from $133 previously on optimism for strong growth beginning next year.

“Recent checks in Taiwan with key players in the AI compute supply chain indicate [Teradyne Inc. (NASDAQ:TER)] is gaining meaningful traction at TSMC (Taiwan Semiconductor Manufacturing Co.), particularly for GPU wafer sort testing,” Susquehanna said.

“TSMC is expecting to begin acquiring TER’s [system-on-a-chip] testers for this purpose, with additional units to be purchased and consigned to OSA partners in 2026. While we don’t anticipate a material incremental revenue contribution from this win until 2026, TER’s growing presence across multiple test insertion points—wafer sort and potential adoption at System Level Test (SLT)—is a positive and incremental development that we believe is not entirely reflected in the current share price,” it noted.

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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Disclosure: None. This article is originally published at Insider Monkey.