Teradata (TDC – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Wamsi Mohan from Bank of America Securities reiterated a Sell rating on the stock and has a $29.00 price target.
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Wamsi Mohan has given his Sell rating due to a combination of factors associated with Teradata’s recent performance and guidance. Despite Teradata reporting fourth-quarter earnings per share (EPS) and free cash flow above expectations, the company fell short on revenue and guidance figures. Management’s guidance for the first quarter of 2025 anticipates a decline in recurring revenues and a negative impact from foreign exchange, with overall revenue expected to decrease by a significant margin.
Additionally, there are concerns regarding Teradata’s ability to achieve its long-term targets, as underscored by the resignation of its CFO, Claire Bramley. The company’s guidance for the fiscal year 2025 suggests challenges, with projected growth in public cloud and total annual recurring revenue below previous expectations. This outlook has led to a lowered price objective of $29, reflecting a cautious stance on Teradata’s near-term prospects.
In another report released today, Barclays also maintained a Sell rating on the stock with a $25.00 price target.