TER trades 15.8% below Wall Street's consensus target of $461.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes TER achieves its forward estimates and maintains a stable P/E multiple of 43.3x. This scenario reflects the blended consensus of 31 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 23, 2026, Teradyne, Inc. (TER) has a Wall Street consensus price target of $461.50, based on estimates from 31 covering analysts. With the stock currently trading at $398.69, this represents a potential upside of +15.8%. The company has a market capitalization of $62.41B.
Analyst price targets range from a low of $390.00 to a high of $550.00, representing a 35% spread in expectations. The median target of $442.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 19 analysts rating the stock as a Buy or Strong Buy,12 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, TER trades at a trailing P/E of 114.6x and forward P/E of 43.3x. Analysts expect EPS to grow +26.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $346.01, with bear and bull scenarios of $217.99 and $455.90 respectively. Model confidence stands at 52/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AMATApplied Materials, Inc. | $375.1B | $472.46 | $666.30 | +41.0% | Buy | 36.9x | 55 |
 KLACKLA Corporation | $246.0B | $188.32 | $225.50 | +19.7% | Buy | 34.3x | 44 |
 COHUCohu, Inc. | $3.0B | $64.54 | $66.83 | +3.5% | Buy | 67.9x | 14 |
 ACLSAxcelis Technologies, Inc. | $3.6B | $115.74 | $140.00 | +21.0% | Buy | 28.2x | 13 |
 ONTOOnto Innovation Inc. | $14.1B | $283.81 | $385.56 | +35.9% | Buy | 35.0x | 12 |
 FORMFormFactor, Inc. | $9.8B | $126.01 | $150.50 | +19.4% | Buy | 41.4x | 19 |
 ICHRIchor Holdings, Ltd. | $2.0B | $57.44 | $96.00 | +67.1% | Buy | 36.6x | 14 |
 MKSIMKS Inc. | $17.6B | $260.37 | $404.00 | +55.2% | Buy | 19.8x | 29 |
 NOVTNovanta Inc. | $5.1B | $144.17 | $194.00 | +34.6% | Buy | 39.0x | 3 |
 CAMTCamtek Ltd. | $7.1B | $151.36 | $181.50 | +19.9% | Buy | 41.9x | 13 |
Quick answers to the most common questions about buying TER stock.
Teradyne, Inc. (TER) has a consensus 12-month price target of $461.5, implying 15.8% upside from $398.69. The 31 analysts covering TER see moderate appreciation potential.
TER has a consensus rating of "Buy" based on 31 Wall Street analysts. The rating breakdown is predominantly bullish, with 19 Buy/Strong Buy ratings. The consensus 12-month price target of $461.5 implies 15.8% upside from current levels.
At a forward P/E of 43.2508x, TER trades at a premium valuation. The consensus price target of $461.5 (15.8% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $550 for TER, while the most conservative target is $390. The consensus of $461.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $456 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
TER is heavily covered by Wall Street, with 31 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 19 have Buy ratings, 12 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month TER stock forecast based on 31 Wall Street analysts shows a consensus price target of $461.5, with estimates ranging from $390 (bear case) to $550 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $346, with bear/bull scenarios of $218/$456.
Our quantitative valuation model calculates TER's fair value at $346 (base case), with a bear case of $218 and bull case of $456. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 52/100.
TER trades at a forward P/E ratio of 43.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 114.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on TER, with a "Buy" consensus rating and $461.5 price target (15.8% upside). 19 of 31 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
TER analyst price targets range from $390 to $550, a 35% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $461.5 consensus represents the middle ground. Our model's $218-$456 range provides an independent fundamental perspective.
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