Citizens JMP upgraded Teradata (TDC) to Outperform from Market Perform with a $42 price target The firm says the company has repositioned itself to drive growth in free cash flow per share over the next several years. In addition, the stock has fallen 11% year-to-date, the analyst tells investors in a research note. The firm says Teradata has shifted its emphasis from a “narrow focus” on public cloud annual recurring revenue growth to a broader focus on factors including ARR growth, which should drive growth in free cash flow per share.
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