Cantor Fitzgerald has increased its price target for Teradyne (NASDAQ:TER) to $270.00 and retained an Overweight rating on the semiconductor test equipment maker. The new objective implies upside relative to the company’s prevailing share price of $241.05, which the firm notes has risen 131.83% over the last six months and 109.09% over the past year.
The research house projects stronger earnings through 2026, expecting adjusted earnings per share to approach $5.50 versus the current consensus estimate of $5.17. Supporting this outlook, data show that 16 analysts have recently revised their earnings estimates upward ahead of the upcoming reporting period. Cantor Fitzgerald also highlighted Teradyne’s current valuation, noting a trailing P/E ratio of 87.69.
Analyst C.J. Muse at Cantor Fitzgerald predicted management’s messaging would be "as upbeat as ever," and said he expects the company to outperform existing expectations and lift guidance. The firm further signaled confidence in the longer-term trajectory for Teradyne, suggesting it may push its 2028 earnings target to roughly $9.00 per share at the midpoint, up from a prior $8.25 estimate. Cantor Fitzgerald’s $270 target equates to a multiple of 30 times that projected 2028 midpoint earnings.
Corporate actions and strategic moves accompanied the analyst activity. Teradyne announced a quarterly cash dividend of $0.12 per share, payable on March 13, 2026, to shareholders of record as of February 13, 2026. In addition, the company and MultiLane plan to form a joint venture called MultiLane Test Products to develop test solutions for AI data centers. That venture is expected to close in the first half of 2026, with Teradyne taking a majority ownership stake.
Other brokerage houses have also shifted their stances. Goldman Sachs upgraded Teradyne from Sell to Buy and set a $230.00 price target, citing anticipated growth in the company’s semiconductor test segment. Stifel likewise raised its view to Buy from Hold, pointing to potential gains in the AI test market and increasing its price target to $225.00.
Operational expansion plans were also disclosed. Teradyne intends to open a robotics operations hub in Wixom, Michigan, in 2026. The facility will manufacture industrial collaborative robots and potentially autonomous mobile robots, and is expected to create more than 200 jobs. The hub will also function as a regional center for customer training, service, and visitor experiences, underscoring the company’s strategic focus on scaling its robotics and AI-related capabilities.
Context and implications
The combination of raised analyst targets, dividend continuation, a planned majority-owned joint venture focused on AI data center testing, and investment in robotics operations frames Teradyne as a company aligning capital allocation and strategic initiatives with demand tied to artificial intelligence. Analysts’ upgraded estimates and multiple brokerage upgrades reflect a shift toward more favorable expectations for both the semiconductor test and robotics segments.
Market data note - The share-performance figures and valuation metric referenced above are presented as reported and reflect the company’s stock price and calculated P/E at the time of the analysts’ commentary.