Teradyne (TER) Rockets 24% as 11 Analysts Hike PT After Strong Earnings

We recently published 10 Easy Double-Digit Gainers. Teradyne Inc. (NASDAQ:TER) was one of the best performers last week.

Teradyne soared by 24.5 percent week-on-week to hit a new all-time high as investors took heart from a strong earnings performance and 11 price target upgrades for its stock.

On Friday alone, Teradyne Inc. (NASDAQ:TER) climbed to its highest price of $301.38 before trimming gains to finish the session just up by 10.69 percent at $300.11 apiece.

Last week, the company reported a 2.2 percent jump in its full-year net income to $554 million versus $542 million in 2024. Net revenues increased by 13 percent to $3.2 billion from $2.82 billion year-on-year, amid strong earnings from semiconductor and product testing, as well as robotics.

In the fourth quarter alone, net income surged by 76 percent to $257 million from $146 million, while net revenues grew by 44 percent to $1.08 billion from $753 million.

“Our Q4 results were above the high end of our guidance range, fueled by AI-related demand in compute, networking and memory within our semi test business…In 2026, we expect year-over-year growth across all of our businesses, with strong momentum in compute driven by AI,” Teradyne Inc. (NASDAQ:TER) CEO Greg Smith said.

For the first quarter of the year, Teradyne Inc. (NASDAQ:TER) is targeting revenues between $1.15 billion and $1.25 billion.

Also last week, the company received price target upgrades from 11 investment firms, of which Susquehanna was the most bullish, raising its price target to $335 from $275 previously.

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