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Shares of Teradyne Inc (NASDAQ:TER) climbed in early trading on Monday.
Growth of the semiconductor test total addressable market is likely to accelerate further in 2025, according to JPMorgan.
Analyst Samik Chatterjee upgraded the rating for Teradyne from Neutral to Overweight, while raising the price target from $145 to $158.
The Teradyne Thesis: The semiconductor test TAM that is relevant to the company is likely to reach $6.4 billion in 2025 and accelerate further to $7.6 billion in 2026, Chatterjee said in the upgrade note.
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