Barclays Maintains Underweight on Teradata, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Underweight rating on Teradata (NYSE:TDC) and lowers the price target from $39 to $35.
May 07, 2024 | 3:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays has lowered the price target for Teradata from $39 to $35 while maintaining an Underweight rating.
The reduction in price target by Barclays, accompanied by an Underweight rating, suggests a bearish outlook on Teradata's stock. This could lead to a negative short-term impact on the stock price as the market adjusts to the new valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100