** Shares of semiconductor-testing equipment maker Teradyne TER.O rise 3.6% to $127.57 in premarket trading
** J.P.Morgan upgrades stock to "overweight" from "neutral" and raises PT to $158 from $145
** Growth in custom AI chips, memory and mobility TAM (total addressable market) will in aggregate put the company in a better position to achieve 2026 targets - JPM
** Brokerage expects growth in 2025 and 2026, driven primarily by an increase in mobility TAM further led by recovery in smartphone units
** Eleven of 19 brokerages rate the stock "buy", 6 "hold" and 2 "sell"; median PT is $130 - data compiled by LSEG
** Up to last close, stock up 13.6% YTD
(Reporting by Kritika Lamba in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.