Teradyne Targets 498.87 as Bullish Cycle Accelerates

Long-Term Bullish Trend Remains Intact

Teradyne Inc. (NASDAQ: TER) continues to display a strong bullish Elliott Wave structure on the monthly chart, suggesting the long-term uptrend remains intact. The stock completed a major wave II correction in 2025 after finishing a larger A-B-C corrective pattern. Buyers responded aggressively from the low, confirming the end of the correction and the start of a new impulsive cycle. The sharp rally from the 2025 low supports the view that Teradyne has entered wave III, which is typically the strongest and longest wave in an Elliott Wave sequence. The current advance has already produced strong bullish momentum, reinforcing the positive long-term outlook.

From an Elliott Wave perspective, the current rally appears to be in the early stages of wave III. Based on Fibonacci relationships, we expect wave III to extend toward 498.87, which represents the 2.618 Fibonacci extension of wave I. This level serves as the next major upside target before the stock enters a corrective wave IV. After wave IV completes, we expect another rally in wave V, which should carry Teradyne to fresh all-time highs and complete the larger impulsive sequence.

Elliott Wave Forecast

The preferred outlook remains bullish while price holds above the 65.50 invalidation level. As long as this level remains intact, the larger Elliott Wave count continues to favor additional upside.

We do not recommend selling into the current strength. Instead, we continue to favor buying pullbacks in 3, 7, or 11 swings, as these corrections often provide high-probability opportunities to join the prevailing trend. The projected path suggests Teradyne should continue higher toward 498.87, followed by a healthy wave IV correction before the final advance in wave V.

Conclusion

Teradyne remains in a strong long-term bullish Elliott Wave cycle following the completion of wave II. As long as price stays above 65.50, we expect wave III to extend toward the 498.87 target before a wave IV pullback. The larger structure continues to favor higher prices and new all-time highs in the current bullish cycle.

Source: https://elliottwave-forecast.c...