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Danny Naz reports that TER is receiving significant target price increases as Wall Street sentiment turns more positive on the semiconductor cycle.
According to Naz, BofA has raised its price target for TER to $525 from $365, while Baird increased its target to $446 from $350. The expansion of opportunities across memory, data centers, and autos is seen as the larger story behind this bullish outlook.
Naz has previously tracked technical strength in key equity ETFs, noting persistent trends for SPY, QQQ, and IWM in a monthly chart update. In another report, he highlighted GLXY's approach to resistance at 34.33 and pointed to potential moves toward previous highs. These earlier reports have focused on technical signals across both traditional and digital assets.