Teradata’s (TDC:NYE) fourth-quarter earnings exceeded expectations, causing the Teradata stock to increase by almost 15%. The cloud database and analytics-related software firm posted adjusted EPS of $0.35, which exceeded Wall Street’s expectations, and Q4 revenues of $452 million, which exceeded analysts’ forecasts. The annual recurring revenue (ARR) from public cloud services climbed by 77% year-over-year to $357 million.
Teradata anticipates full-year sales growth of 1% to 4% and adjusted earnings per share in the range of $1.90 to $2.06 for 2023. However, hedge funds sold 2.5 million TDC stock shares in the most recent quarter, showing a decrease in their holdings. Despite this, Teradata’s good Q4 performance and optimistic prognosis for 2023 may be indicative of a bright future for the company.
Teradata Stock Price Analysis:
Based on the Teradata stock forecasts from 7 analysts, the average analyst target price for Teradata stock is USD 42.50 over the next 12 months. Teradata Corp’s average analyst rating is Hold.
Stock Target Advisor’s own stock analysis of Teradata Corp is Slightly Bullish, which is based on 6 positive signals and 5 negative signals. At the last closing, Teradata stock price was USD 39.58. Teradata Corp’s stock price has changed by +13.31% over the past week, +19.47% over the past month, and -20.95% over the last year.
Company Profile:
Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics.
The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.
Its business consulting services include support services for organizations to establish a data and analytic vision, and identify and operationalize analytical opportunities, as well as enable a multi-cloud ecosystem architecture and ensure the analytical infrastructure delivers value.
In addition, it offers support and maintenance services. The company serves clients in financial services, government, healthcare, manufacturing, retail, telecommunications, and travel/transportation sectors through a direct sales force in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Teradata Corporation was incorporated in 1979 and is headquartered in San Diego, California.
