Teradyne Inc

TER: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$246.00	Nwfn	Vctsdzncf

Teradyne’s Poor Guidance Doesn’t Sway Our Long-Term Conviction in Shares Being Deeply Undervalued

William Kerwin

Jul 27, 2022

We’re shaving our fair value estimate for wide-moat Teradyne to $167 per share, from $172 previously, in the wake of poor second-half guidance that reflects a souring macroeconomic environment. Nonetheless, we believe Teradyne’s long-term fundamentals are resolute, and it remains one of our top picks in the tech sector.

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