Wedbush is maintaining its $44 PT on shares of Teradata Corporation TDC.
“Our price target represents a ~20x multiple on our 2011 non-GAAP EPS estimate of $2.17,” Wedbush writes. “The multiple we use for TDC shares is a premium to the market because its EPS growth is expected to be faster and for takeover potential, but is a modest discount to that of the group as its EPS is growing slower than peers.”
Teradata Corporation closed Thursday at $50.55.
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