Barclays analyst Raimo Lenschow lowered the firm’s price target on Teradata to $46 from $47 and keeps an Underweight rating on the shares. Teradata reported better Q2 results with annual recurring revenue and revenue growth accelerating against easier comps, the analyst tells investors in a research note. However, cash flow timing headwinds and commentary imply a large Q4 is needed to meet guidance, says the firm.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TDC: