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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDC: