Jefferies Opens Teradyne Coverage With Buy Rating, $284 Target

Jefferies opened coverage of Teradyne with a Buy rating and a $284 price target on Nov. 11, while a Nov. 12 market snapshot showed shares below their 20-day average.

Jefferies analyst Dushyant Ailani described the company as a “compute test company” in the artificial intelligence cycle.

The snapshot listed Teradyne shares at $259.52, down 1.38% for the day. Shares were above the seven-day average of $238.73 and the 12-day exponential moving average of $253.46. They were below the 20-day average of $266.46, the 26-day EMA of $279.18 and the 50-day average of $337.02.

The relative strength index (RSI) was 42.02, characterized as neutral. The moving average convergence divergence (MACD) reading was -25.7213, with a zero histogram.

The snapshot marked $262.65 as the pivot, with resistance at $270.61 and $281.70 and support at $251.56 and $243.60. It also put the Bollinger middle band at $266.46 and the lower band at $201.83. Average true range was $19.27.