Teradyne Rating Increased to Conviction-Buy at Goldman Sachs Group Inc. (TER)
Teradyne (NYSE:TER) was upgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Teradyne (NYSE:TER) opened at 18.20 on Tuesday. Teradyne has a 1-year low of $14.05 and a 1-year high of $18.73. The stock has a 50-day moving average of $17.17 and a 200-day moving average of $16.81. The company has a market cap of $3.487 billion and a P/E ratio of 33.81.
TER has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Teradyne from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, December 20th. They now have a $15.00 price target on the stock. Separately, analysts at Piper Jaffray cut their price target on shares of Teradyne from $20.00 to $19.00 in a research note to investors on Friday, October 25th. They now have an “overweight” rating on the stock. Finally, analysts at Needham & Company cut their price target on shares of Teradyne from $23.00 to $21.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Teradyne currently has an average rating of “Buy” and an average target price of $20.23.
Teradyne, Inc is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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