Why Are Teradata Shares Trading Higher Today?

Analysts' reactions to Teradata Corp TDC post Q4 results remain mixed.
Teradata reported a fourth-quarter FY21 revenue decline of 3% year-on-year to $475 million, missing the consensus of $478.6 million. Non-GAAP EPS of $0.57 beat the consensus of $0.27.
Teradata sees FY22 revenue to grow flat-to-low-single-digit percentage Y/Y. It raised non-GAAP EPS guidance from $1.60 - $1.70 to $1.82 - $1.92, above the consensus of $1.77.
Teradata sees Q1 non-GAAP EPS of $0.63 - $0.67, above the consensus of $0.51.
Credit Suisse analyst Phil Winslow lowered the price target on Teradata to $34 from $40 (34% downside) and reiterated an Underperform rating on the shares.
Teradata reported mixed Q4 results, with Cloud ARR marginally better, margins higher, and total revenue and ARR lower than expectations. Management issued mixed 2022 outlook, Winslow adds.
Citi analyst Tyler Radke raised the price target on Teradata from $48 to $56.
Morgan Stanley analyst Katy Huberty maintained Teradata with an Overweight and raised the price target from $56 to $57, suggesting a 10.6% upside.
Price Action: TDC shares traded higher by 27.45% at $51.34 on the last check Tuesday.

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