Citizens JMP Reiterates Market Outperform Rating on Teradata (TDC)

Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating on Teradata (NYSE: TDC).

The analyst commented, “the company launched its Enterprise Vector Store offering on March 3, 2025 in private preview, which utilizes NVIDIA's NeMo Retriever microservices "for accelerated compute, [and] optimized RAG," and after the stock has fallen 25% year to date, versus a decrease of 4% year to date for the Russell 3000.”

“Key points include: 1) Enterprise Vector Store "creates a single, trusted repository for all data and builds" on the Teradata platform; 2) Teradata announced its partnership with NVIDIA (NVDA, NC) in October 2024, and is using NVIDIA's NeMo Retriever, which "is designed to enable customers to use information and insights from unstructured data sources… enabling developers to build RAGbased applications"; 3) Vector Store capabilities are ideal for agentic AI but face trade-offs including: a) they are expensive; and b) they usually have small data sets and fast speeds, or big data sets and slow speeds, while Enterprise Vector Store offers a product "with cost-efficient scaling and near seamless integration built in"; and 4) the capability is currently in private preview and is expected to be generally available in July.”

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 $23.29 yesterday.

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