JMP Securities Maintains Market Outperform on Teradata, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens has maintained a Market Outperform rating on Teradata (NYSE:TDC) but has lowered the price target from $72 to $60.

May 07, 2024 | 3:56 pm
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NEUTRAL IMPACT
JMP Securities maintains a Market Outperform rating on Teradata but lowers the price target from $72 to $60.
While the maintenance of a Market Outperform rating indicates continued confidence in Teradata's business performance and growth prospects, the reduction in the price target could reflect adjustments in market conditions or expectations for the company's future earnings. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests that any negative impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100