Baird Rates Teradyne (TER) buy, $446 Price Target

The technology firm continues to draw optimism from Wall Street as Baird keeps its $446 price target in place, a 4.40% upside from the current price.

By EarningsIQ Research Desk · Published Jun 23, 2026, 9:01 AM EDT · Updated Jun 25, 2026, 3:01 PM EDT

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Baird rated Teradyne, Inc. ($TER) "buy" with a $446 price target on June 23, 2026.

Since the rating, $TER is up 15.2% after 1 week, down 11.0% after 1 month and down 22.6% to date (from the $419.96 close on Jun 23, 2026).

TER Teradyne, Inc.

$325 +56.76% year to date

Daily close · Oct 16, 2026

Key Points

Baird analyst Richard Eastman reiterated a Buy rating for Teradyne, Inc. (TER) on June 23, 2026, setting a price target of $446.00.
Baird's $446 price target implies 4.40% upside from Teradyne, Inc.'s ($TER) current $427.20 share price.
Teradyne stock was trading at $427.20 on Tuesday, positioned above its 200-day moving average of $344.07 and well within its 52-week range of $135.83 to $487.91.
The broader analyst consensus for Teradyne remains a Buy, with 15 analysts providing a mean price target of $446.47, nearly identical to the Baird valuation.

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On June 23, 2026, Baird analyst Richard Eastman reiterated a Buy rating for Teradyne, Inc. (TER) on the NasdaqGS. The firm set a price target of $446.00, suggesting some room for growth from recent trading levels. This move reinforces the firm's positive outlook on the semiconductor equipment provider as the industry continues to navigate a complex global market.

Analyst rating track record

Baird vs. the S&P 500

YTD return +6.35% hypothetical

All-time return +11.71% S&P 500 +29.25%

vs. S&P 500 -17.54% behind the index

Hypothetical returns from Baird's disclosed trades, not real profit or advice. How we model this.

Teradyne Stock Performance and Valuation

Teradyne shares were priced at $427.20 on Tuesday. The stock has shown significant strength over the past year, trading far above its 52-week low of $135.83. It is currently trending well above its 200-day moving average of $344.07, which often indicates a sustained upward trend. With a market capitalization of roughly $53.66 billion, the company carries a P/E ratio of 47.1. Looking ahead, the forward P/E ratio of 29.5 suggests that analysts expect earnings to improve relative to the current stock price.

12-month forecast

$TER price target

Teradyne, Inc. daily closes and this analyst's $446 target. Not advice.

Recent Earnings Performance

In its most recent financial reporting, Teradyne showed revenue of approximately $4.46 billion, representing a growth rate of 1.04%. The company has maintained a healthy net margin of 25.8% and a return on equity of 36.5%. These figures show the company is effective at turning its sales into profit and managing its shareholders' capital. Investors are looking toward October 27, 2026, for the next scheduled earnings update to see if these trends continue.

Dividend and Yield

Teradyne currently pays its shareholders a small dividend. The annual dividend yield sits at 0.15%. The company maintains a conservative dividend payout ratio of 6.9%, which means it is using only a tiny fraction of its earnings to fund these payments, leaving plenty of room for reinvesting in its robotics and testing technology.

Analysts Set New Price Targets

Wall Street's view on Teradyne has seen some shifts recently. While Baird reiterated its Buy rating in June, the firm later moved to a Neutral rating with a $420.00 target on August 21, 2026. Other firms have remained more aggressive. On June 30, Susquehanna maintained a Positive rating and raised its target to $550.00. Cantor Fitzgerald also reaffirmed an Overweight rating with a $550.00 target on July 29. Meanwhile, Morgan Stanley kept an Equal-Weight rating on July 30, though it did nudge its price target up to $397.00. Across 15 analysts, the consensus recommendation remains a Buy, with an average price target of $446.47.

About Teradyne

Teradyne builds the complex machines that test other technology. The company designs and sells automated systems used to check semiconductor chips, wireless equipment, and data center hardware. It also has a growing robotics division that produces collaborative robot arms and mobile robots for factories and warehouses. As chips become more complex for AI applications, the company's testing systems become even more critical to the manufacturing process.

What to Watch at Teradyne, Inc.

Investors should keep an eye on the upcoming earnings report in October to see if the company can exceed its current growth targets. While analyst ratings provide a snapshot of professional sentiment, they can change quickly as new economic data arrives. The reiterated rating from June reflects a specific moment in time and may not represent the current stance of the firm as market conditions evolve.