Form 8-K TERADATA CORP /DE/ For: Feb 12
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Teradata (TDC) PT Lowered to $58 at Evercore ISI
February 13, 2024 4:07 AM ESTEvercore ISI analyst Chirag Ved lowered the price target on Teradata (NYSE: TDC) to $58.00 (from $65.00) while maintaining a Outperform rating.
The analyst comments "TDC delivered mixed F4Q results with total revenue of $457mn (+1% y/y in c/c) vs. our/Street expectations of $461.4/$455.8mn, total ARR of $1,570mn (+5% in c/c) vs. our/Street expectations of $1,587/$1,578mn, and EPS of $0.56 coming in ahead of our/Street estimates of $0.50/$0.51. Most significantly, cloud ARR landed at $528mn, up 48% and +46% in c/c, but below... More
