Goldman Sachs raises Teradyne (TER) share price target to $350 from $300, maintaining Buy rating

Goldman Sachs raised its share price target for Teradyne, Inc. (NASDAQ:TER) to $350 from $300 on April 30th, keeping a Buy rating on the stock.

Teradyne provides testing robots for chip manufacturers and mobile robots for other industries. The company has partnered with Nvidia to bring AI chips to its cobots (robots that work alongside humans).

Teradyne shares are up by 364% over the past year and by 73% year-to-date. Goldman Sachs cited strong trends in the semiconductor industry in its coverage.