UPDATE: Credit Suisse Initiates Teradata at Outperform on Big Data Outlook
Credit Suisse initiated coverage on Teradata (NYSE: TDC) with an Outperform rating and am $80 price target.
Credit Suisse said, "With the continued (and growing) pressure to deliver information that will support business-wide decisions in the currently challenging economic climate, we expect sustained strong growth in analytics infrastructures, and given Teradata's combination of tuned hardware, software, tools and utilities, and professional services focused on enterprise analytics, we forecast above average revenue and earnings growth as compared with the software industry. "
Teradata closed at $61.97 on Monday.
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