TER TERADYNE, INC
Price Chart
Executive Summary
Goldman Sachs issued a rare double upgrade on TER, moving from Sell to Buy with a new $230 price target, up from $148. The stock currently trades at $358.45, meaning the new PT implies 36% downside from current levels — a stark disconnect. Goldman's accuracy on TER is just 38% (3 of 8 calls), well below the peer average. The consensus is heavily bullish: 16 of 23 analysts rate Buy or Strong Buy, with a mean target of $369.53. EPS revisions are surging — 14 upward revisions in the last 30 days for the current fiscal year. Insider selling persists, with $257K in sales from C-suite in early May. The Goldman call is contrarian in direction but its PT is far below the stock, creating a confusing signal. Bottom line: this is a low-conviction upgrade from a low-accuracy firm with a PT that contradicts the upgrade direction — ignore.
Impact Score
Consensus & Targets
Consensus is heavily bullish: 5 Strong Buy, 11 Buy, 6 Hold, 1 Sell, 0 Strong Sell (23 analysts total). 70% of analysts rate the stock a Buy or Strong Buy. The consensus direction is firmly bullish, with only one sell-side rating.
Mean PT is $369.53, median $387. High is $470, low is $270. Current price $358.45 implies 3.1% upside to the mean. Goldman's $230 PT is the lowest among all analysts and 38% below the mean — a massive outlier. The upgrade direction contradicts the PT level.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-30 | JP Morgan | upgrade | Overweight | $400.00 |
| 2026-04-30 | Citigroup | maintain | Buy | $400.00 |
| 2026-04-30 | Goldman Sachs | maintain | Buy | $350.00 |
| 2026-04-30 | Evercore ISI Group | maintain | Outperform | $370.00 |
| 2026-04-28 | Stifel | maintain | Buy | $390.00 |
| 2026-04-28 | Evercore ISI Group | maintain | Outperform | $430.00 |
| 2026-04-21 | UBS | maintain | Buy | $440.00 |
| 2026-04-16 | JP Morgan | maintain | Neutral | $400.00 |
| 2026-04-09 | Susquehanna | maintain | Positive | — |
| 2026-04-09 | Cantor Fitzgerald | maintain | Overweight | — |
30-day analyst activity: 1 upgrade (Goldman), 0 downgrades. EPS revisions are strongly positive: 14 upward revisions vs 0 downward for the current fiscal year in the last 30 days. Next-quarter EPS estimates rose from $1.18 to $1.38 over the same period. Estimates are being revised sharply higher.
Firm Track Record — Goldman Sachs
Goldman Sachs accuracy: 54% on 2921 calls | avg return: 5.6%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 13 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Craig-Hallum | 100% | 2/2 | 2.4% | top tier |
| Evercore ISI Group | 100% | 3/3 | 55.2% | top tier |
| Stifel | 71% | 5/7 | 39% | top tier |
| Morgan Stanley | 60% | 3/5 | 43.9% | above average |
| UBS | 57% | 4/7 | 23.6% | above average |
| Baird | 50% | 2/4 | 3.4% | below average |
| Susquehanna | 50% | 3/6 | 7.1% | below average |
| Northland Capital Markets | 40% | 2/5 | -19.6% | below average |
| Goldman Sachs | 38% | 3/8 | 21.1% | below average |
| JP Morgan | 38% | 3/8 | 8.7% | below average |
Goldman Sachs has a 38% accuracy rate on 8 TER calls, well below the peer average. The best performing firms on TER are Evercore ISI (100% on 3 calls, avg return +55.2%) and Stifel (71% on 7 calls, avg return +39%). The worst are Keybanc (0% on 6 calls, avg return -4.8%) and Cantor Fitzgerald (25% on 8 calls, avg return -5.1%). Goldman is in the bottom tier for TER.
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1q | $1.38 | $0.82 — $1.84 | $1.0B | ↑11 ↓0 |
| 0y | $7.18 | $6.32 — $8.03 | $4.5B | ↑14 ↓0 |
| 0q | $2.04 | $1.86 — $2.14 | $1.2B | ↑10 ↓0 |
| +1y | $9.51 | $7.10 — $11.47 | $5.5B | ↑15 ↓0 |
Cross-Platform Signals
Insider selling is ongoing: C-suite members sold $257K in early May, $195K in April, and $187K in March. No insider buys. Congressional activity shows one buy from Rep. Michael McCaul ($15K-$50K). Institutional moves are mixed: Norges Bank initiated a $399M position, Two Sigma doubled its stake (+1,744%), but FMR trimmed 64% and Renaissance nearly exited. Short interest is elevated at 60.6% of float. The insider selling and high short interest diverge from the bullish analyst consensus, creating a cautionary cross-signal.
Actionable Insight
Ignore this upgrade. Goldman's PT is 36% below the current price, its track record on TER is poor, and insider selling is persistent. The bullish consensus and strong EPS revisions are real, but this specific call adds no conviction. Wait for a higher-conviction signal from a top-tier firm like Evercore or Stifel.
Documents Analyzed
Report based on filing metadata.
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 19, 2026
1d ago
|
Insider Cluster
| $322.68 awaiting T+5 | awaiting T+5 | — | $353.39 (+9.52%) |
|
May 16, 2026
4d ago
|
ANALYST-UPGRADE
| $189.87 awaiting T+5 | awaiting T+5 | — | $353.39 (+86.12%) |
|
Apr 30, 2026
20d ago
|
ANALYST-UPGRADE
| $345.42 $354.11 | ▲ +2.52% | ▲ +0.17% | $353.39 (+2.31%) |
|
Apr 16, 2026
4w ago
|
ANALYST-UPGRADE
| $365.92 $400.99 | ▲ +9.58% | ▲ +8.60% | $353.39 (−3.43%) |
|
Apr 2, 2026
7w ago
|
Insider Cluster
| $309.61 $367.99 | ▲ +18.86% | ▲ +15.24% | $353.39 (+14.14%) |
|
Mar 27, 2026
7w ago
|
DEFA14A
| $295.61 $315.43 | ▲ +6.70% | ▲ +2.84% | $353.39 (+19.54%) |
|
Feb 28, 2026
11w ago
|
Institutional Cluster
| $325.83 $296.44 | ▼ −9.02% | ▼ −7.81% | $353.39 (+8.46%) |
US Market Status
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