Teradata price target raised to $66 from $50 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Teradata to $66 from $50 and keeps a Buy rating on the shares. Teradata’s Q2 outperformance returns the company to total revenue growth for the first time in over a year, including the achievement of double-digit recurring revenue growth, the firm notes. The company’s reacceleration continues to be driven by a rapid pace of growth in the cloud, Craig-Hallum adds.