Bank of America reiterated its Buy rating on Teradata Corporation TDC after a meeting with its senior management.
In a research report published today, Bank of America states, "We hosted CEO Mike Koehler and CFO Steve Scheppmann at our technology
conference. We walked away with the conviction that Teradata remains a solid
leader in an underpenetrated market where IT dollars will likely migrate to improve
decision making for customers (delivering a competitive advantage). In our
opinion, the company is poised to deliver accelerating revenue growth, improving
margins, and solid free cash flow and we reiterate our Buy rating."
At the moment, Bank of America has a price target of $63 on the company's stock. On Wednesday, Teradata lost 1.99% of its value to close the day at $54.68.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsBank of AmericaComputer HardwareInformation TechnologyMike KoehlerSteve ScheppmannTeradata Corporation
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in