Teradata price target raised to $43 from $37 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm’s price target on Teradata to $43 from $37 and keeps a Sector Perform rating on the shares. The company’s Q4 results were "strong" as its cloud mix-shift continued with cloud constant-currency annual recurring revenue growth of 81% vs. its prior guidance of 80%, the analyst tells investors in a research note. The firm remains positive on the the durability of Teradata model and cloud business despite a more challenging macro environment and "intense" competitive landscape.