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New Buy Rating for Teradyne (TER), the Technology Giant

Tipranks - Thu Feb 5, 3:30AM CST

In a report released yesterday, Gus Richard from Northland Securities maintained a Buy rating on Teradyne, with a price target of $186.00. The company’s shares closed yesterday at $282.98.

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According to TipRanks, Richard is a 5-star analyst with an average return of 20.9% and a 60.53% success rate. Richard covers the Technology sector, focusing on stocks such as Synaptics, Nextpower Inc, and Astera Labs, Inc..

Teradyne has an analyst consensus of Moderate Buy, with a price target consensus of $268.50, a -5.12% downside from current levels. In a report released today, TipRanks – Google also reiterated a Buy rating on the stock with a $287.00 price target.

Based on Teradyne’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $769.21 million and a net profit of $119.56 million. In comparison, last year the company earned a revenue of $737.3 million and had a net profit of $145.65 million

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