Barclays Maintains Underweight on Teradata, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Underweight rating on Teradata (NYSE:TDC) and lowers the price target from $43 to $39.
April 15, 2024 | 1:03 pm
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Barclays has lowered the price target for Teradata from $43 to $39 while maintaining an Underweight rating.
The reduction in price target by Barclays, a major financial institution, suggests a bearish outlook on Teradata's stock. This adjustment reflects concerns about the company's future performance or market position, which could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100