Teradata price target raised to $48 from $40 at Craig-Hallum

Craig-Hallum analyst Chad Bennett raised the firm’s price target on Teradata to $48 from $40 and keeps a Buy rating on the shares. Teradata continues to execute through a challenging environment, which the firm sees as a testament to the quality of management, benefits of the company’s cloud-first strategy, and mission-criticality of its solutions. Craig-Hallum was "impressed" by Teradata delivering on a record Cloud ARR quarter to meet its original guide which it maintained throughout the year.