TD Cowen analyst Derrick Wood lowered the firm’s price target on Teradata (TDC) to $24 from $25 and keeps a Hold rating on the shares. The firm said they reported a slight 2Q beat, with ARR growth of 0%. Improved execution along with some pull forward from Q3 drove results. FY25 ARR guide was unchanged but revenue guide was lowered off of consulting weakness.
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