Cowen Reiterates Market Perform on Teradata Corp. (TDC)

November 18, 2016 8:12 AM EST
Get Alerts TDC Hot Sheet
Price: $28.75 +1.23%

Rating Summary:
    4 Buy, 21 Hold, 8 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
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Cowen reiterated a Market Perform rating and $29.00 price target on Teradata Corp. (NYSE: TDC). TDC is undergoing a significant amount of change in its business model and go-to-market motion as it tries to realign itself to the new market order.

Analyst Derrick Wood commented, "TDC expects a deep compression in rev/EPS in FY17 followed by a spectacular rebound into a 20%+ growth / ~25% op margin co. Given the secular/comp pressures at hand, this is likely to be accompanied by investor skepticism. We commend TDC for taking the risks to change, but disagree on some assumptions. It will take time to prove if it is working; thus we see shares staying range-bound."

For an analyst ratings summary and ratings history on Teradata click here. For more ratings news on Teradata click here.

Shares of Teradata closed at $28.02 yesterday.

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