TER TERADYNE, INC
Price Chart
Executive Summary
JP Morgan issued a double upgrade from Neutral to Overweight on April 30, 2026, maintaining a $400 price target. The stock trades at $380.13, implying a 5.2% upside to the target. JP Morgan has a 38% accuracy rate on 8 calls, below the peer average, but the double upgrade is a strong conviction signal. Consensus is bullish with 15 of 23 analysts at Buy/Strong Buy, though the mean target of $354.88 sits 6.6% below the current price. EPS estimates have been revised up over the past 30 days for the current and next fiscal years. Insider selling persists, with $723k in sales over the past two months, diverging from the analyst upgrade. Institutional activity is mixed: Norges Bank initiated a $399M position, while FMR trimmed 63.7%. Short interest is elevated at 64.6% of float, suggesting potential for a squeeze. The double upgrade from a below-average accuracy firm is less impactful, but the contrarian call against consensus targets adds some weight. Overall, the signal is neutral-to-bullish with execution risk.
Impact Score
Consensus & Targets
Consensus is bullish: 5 Strong Buy, 10 Buy, 7 Hold, 1 Sell, 0 Strong Sell across 23 analysts. 65% of analysts rate the stock Buy or Strong Buy. The consensus direction is clearly positive, though the mean target is below the current price.
Mean target $354.88, median $332, high $470, low $250. Current price $380.13 is 7.1% above the mean target, implying downside to consensus. JP Morgan's $400 target is 12.7% above the mean and 20.5% above the median, making it one of the most bullish on the Street.
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 (JP Morgan), 0 downgrades. EPS revisions are positive: 4 upgrades vs 1 downgrade for the current fiscal year, and 3 upgrades vs 0 downgrades for next quarter. Estimates are being revised higher across all periods.
Firm Track Record — JP Morgan
JP Morgan accuracy: 55% on 5703 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 |
JP Morgan has a 38% accuracy rate on 8 calls with an average return of 8.7%, ranking below average among covering firms. Best performers: Evercore ISI (100% on 3 calls, avg return 55.2%) and Stifel (71% on 7 calls, avg return 39%). Worst: Keybanc (0% on 6 calls, avg return -4.8%) and Cantor Fitzgerald (25% on 8 calls, avg return -5.1%).
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0y | $6.46 | $5.51 — $7.28 | $4.3B | ↑3 ↓0 |
| 0q | $2.11 | $2.01 — $2.28 | $1.2B | ↑2 ↓0 |
| +1q | $1.96 | $1.61 — $2.26 | $1.2B | ↑3 ↓0 |
| +1y | $8.70 | $6.75 — $11.44 | $5.2B | ↑2 ↓0 |
Cross-Platform Signals
Insider trades show consistent selling: $723k in sales over the past two months, including $195k by Mercedes Johnson on April 6. Congressional activity is minimal (one buy by Rep. McCaul in Feb). Institutional moves are mixed: Norges Bank initiated a $399M position, Two Sigma doubled its stake (+1,743%), but FMR trimmed 63.7% and Renaissance Technologies nearly exited. Short interest is 64.6% of float, extremely high and diverging from the bullish analyst signal — this could fuel a squeeze if positive catalysts emerge.
Actionable Insight
The double upgrade from JP Morgan is a contrarian bullish signal against a consensus mean target below the current price, but the firm's low accuracy tempers conviction. Traders should watch for a catalyst to break the $400 resistance; the elevated short interest adds squeeze potential but also risk of a sharp reversal if earnings disappoint.
Documents Analyzed
Report based on filing metadata.
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 30, 2026
15d ago
|
ANALYST-UPGRADE
| $345.29 $359.63 | ▲ +4.15% | ▲ +1.81% | $403.20 (+16.77%) |
|
May 26, 2026
19d ago
|
Insider Cluster
| $375.83 $392.62 | ▲ +4.47% | ▲ +3.26% | $403.20 (+7.28%) |
|
May 26, 2026
19d ago
|
Insider Cluster
| $375.83 $392.62 | ▲ +4.47% | ▲ +3.26% | $403.20 (+7.28%) |
|
May 19, 2026
26d ago
|
Insider Cluster
| $321.40 $372.75 | ▲ +15.98% | ▲ +13.73% | $403.20 (+25.45%) |
|
May 16, 2026
29d ago
|
ANALYST-UPGRADE
| $192.14 $198.34 | ▲ +3.23% | ▲ +1.89% | $403.20 (+109.85%) |
|
Apr 30, 2026
6w ago
|
ANALYST-UPGRADE
| $345.42 $354.11 | ▲ +2.52% | ▲ +0.17% | $403.20 (+16.73%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $365.92 $400.99 | ▲ +9.58% | ▲ +8.60% | $403.20 (+10.19%) |
|
Apr 2, 2026
10w ago
|
Insider Cluster
| $309.61 $367.99 | ▲ +18.86% | ▲ +15.24% | $403.20 (+30.23%) |
|
Mar 27, 2026
11w ago
|
DEFA14A
| $295.61 $315.43 | ▲ +6.70% | ▲ +2.84% | $403.20 (+36.40%) |
|
Feb 28, 2026
15w ago
|
Institutional Cluster
| $325.83 $296.44 | ▼ −9.02% | ▼ −7.81% | $403.20 (+23.75%) |
US Market Status
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