Following a positive mgmt meeting, Oppenheimer remains buyers of Teradata TDC is well positioned to deliver a strong 4Q10.
Despite competition and a challenging macro environment, Oppenheimer believes growing customer demand for EDW solutions, an augmented/broader product portfolio and an expanding sales force should help support double-digit product revenue growth for the foreseeable future.
Despite competition and a challenging macro environment, Oppenheimer believe growing customer demand for EDW solutions, an augmented/broader product portfolio and an expanding sales force should help support double-digit product revenue growth for the foreseeable future.
Given numerous secular and company-specific growth drivers, an attractive valuation and TDC's unique spot in the market, it remains a top pick.
Oppenheimer has an Outperform rating and $47 PT on TDC
TDC closed Monday at $41.85
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