TD Cowen analyst J. Derrick Wood lowered the firm’s price target on Teradata to $40 from $46 and keeps a Hold rating on the shares. The firm siad they reported a weak 1Q with ARR growth below Cowen’s estimates including Cloud growth below estimates driven by lighter expansion/migrations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDC:
- TDC Earnings this Week: How Will it Perform?
- Teradata price target lowered to $39 from $43 at Barclays
- Teradata, Anaconda partner to enhance open-source support for VantageCloud
- Teradata Announces Executive Shift with CRO Resignation and Succession
- Teradata names Richard Petley as Chief Revenue Officer
