PagerDuty, Inc. (PD), Teradata (TDC), Zuora (ZUO) Named Top Software Picks at Craig-Hallum

January 4, 2022 9:10 AM EST
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Craig-Hallum analyst Chad Bennett named PagerDuty, Inc. (NYSE: PD), Teradata Corp. (NYSE: TDC), and Zuora, Inc. (NYSE: ZUO) his best software ideas for 2022.

"Each of these companies are at different levels of growth but have growth prospects that we believe are being underappreciated," Bennett commented. "Also, each of these companies have added key new management in the past couple of years and the positive changes they have implemented have been masked by the pandemic and we expect their impacts to be revealed in CY’22 results."

On PD, the analyst highlighted:

  • Acceleration to 30%+ growth
  • 30%+ growth sustainable
    • Secular tailwind just getting started
  • Believe PD is tracking towards its typical quarterly beat in Q4

On TDC, the analyst highlighted:

  • $1B+ Cloud ARR target
  • Completely new management team
  • Q3 Cloud ARR miss
  • Q4 rebound likely coming
  • Building to $1B+ of Cloud ARR
  • Market leading cloud product
  • $1.3B of on-premises ARR
  • 8% FCF yield, ~$2 of EPS, and a $1.3B share repurchase authorization provide a backstop

On ZUO, the analyst highlighted:

  • Executing on strategy laid out at the investor day
  • 25%+ ARR growth likely coming sooner than expected
  • $450M opportunity in its base:


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