On July 27, Teradyne rose 3.03% in pre-market trading, trading at $363.0 per share, with turnover of $708,800.
On the news front, multiple top-tier investment banks have recently raised their price targets on Teradyne in quick succession: UBS raised its target from $440 to $500, maintaining a Buy rating; JPMorgan raised its target from $400 to $450, maintaining an Overweight rating; and Goldman Sachs raised its target from $350 to $465. According to FactSet, the stock now carries an average Overweight rating with a mean target price of $437.53.
Additionally, Teradyne is scheduled to report second-quarter earnings after market close on July 28, with consensus EPS expectations of $2.04. The combination of analyst optimism and earnings anticipation is driving pre-market momentum, supported by broad strength in the semiconductor equipment sector, where Applied Materials rose 3.6%, Lam Research gained 3.52%, KLA-Tencor added 2.95%, ASML rose 2.13%, and Amkor Technology climbed 3.08%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)