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home / news releases / TER - Teradyne: Upgrade To Buy On Clear Recovery Outlook

TER - Teradyne: Upgrade To Buy On Clear Recovery Outlook

Teradyne Inc.

2024-05-11 03:32:35 ET

Summary

  • Upgraded rating from hold to buy as 2Q24 guidance and AI tailwind impact on TER are encouraging.
  • 1Q24 earnings showed revenue decline, but management expects strong sequential growth in 2Q24.
  • Demand for HBM testing and custom ASICs is expected to drive growth, but overcapacity in mobile industry poses a risk.

Summary

For further details see:

Teradyne: Upgrade To Buy On Clear Recovery Outlook
Stock Information
Company Name: Teradyne Inc.
Stock Symbol: TER
Market: NASDAQ
Website: teradyne.com
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