Teradata price target lowered to $45 from $60 at Citi

Citi analyst Tyler Radke lowered the firm’s price target on Teradata to $45 from $60 and keeps a Buy rating on the shares after its Q4 results and below-consensus guidance. Deal slippage drove misses on Q4 Cloud and Total annual recurring revenue, while outsized but planned churn in Q1 has negatively impacted the 2024 outlook, the analyst tells investors in a research note.