Movement Alert|Teradyne Rises 6.6% Overnight, Multiple Investment Banks Raise Target Prices Ahead of Earnings

Market Focus
Jul 27

On July 27, Teradyne rose 6.6% overnight, trading at $358.9/share, with turnover of $63,100.

On the news front, multiple top-tier investment banks recently raised their target prices on Teradyne in quick succession. UBS lifted its target from $440 to $500 while maintaining a Buy rating; JPMorgan raised its target from $400 to $450, maintaining an Overweight rating; and Goldman Sachs adjusted its target from $350 to $465. The consensus average target price among analysts polled by FactSet stands at approximately $437.53 with an overall Overweight rating.

Additionally, Teradyne is scheduled to report second-quarter earnings after market close on July 28, with consensus EPS expectations of $2.04. The semiconductor equipment sector broadly advanced, with Applied Materials up 3.12%, KLA-Tencor up 3.08%, and Lam Research up 2.88%, reflecting broad-based optimism toward the industry ahead of the earnings cycle.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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