Teradyne's stock surged 5.11% during intraday trading on Monday, marking a significant upward movement for the semiconductor testing equipment maker.

The stock's rise comes as Teradyne was highlighted among 20 technology companies expected to see robust sales growth, with analysts projecting a 31.6% increase in sales for 2026 and a two-year compound annual growth rate of 25.2% through 2027. The company's stock has already gained 40% year-to-date through early February, reflecting strong investor confidence in its growth trajectory.

Additionally, while President Capital downgraded Teradyne from Buy to Neutral, the firm simultaneously raised its price target significantly from $209 to $308, suggesting continued upside potential despite the rating adjustment.