RBC Capital analyst Matthew Hedberg lowered the firm’s price target on Teradata (TDC) to $29 from $32 and keeps a Sector Perform rating on the shares. The company delivered mixed results as ARR – annual recurring revenue – and public cloud ARR came in below consensus at the low-end of the previously guided constant-currency range, while its recurring revenue, earnings, and operating margins were better than expected, the analyst tells investors in a research note. Teradata’s 2025 guidance is second-half weighted as management looks to its go-to-market investments, expanded product portfolio and improving retention rates to return to constant-currency ARR growth, RBC adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDC:
- Teradata’s Cloud Growth Challenges and Cautious Outlook Justify Hold Rating
- Teradata price target lowered to $37 from $42 at Guggenheim
- Cautious Outlook on Teradata Amid Revenue Challenges and Leadership Changes
- Teradata’s Mixed Outlook: Hold Rating Amid Revenue Challenges and Optimistic Long-Term Projections
- Teradata price target lowered to $25 from $30 at Barclays
Questions or Comments about the article? Write to editor@tipranks.com