Teradata Likely To Report Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Teradata Corporation TDC is projected to release financial results for its third quarter, after the closing bell on Nov. 6, 2023.

Analysts expect the company to post quarterly earnings at 42 cents per share, up from year-ago earnings of 31 cents per share. The company’s revenue might come in at $437.5 million, compared to $421.61 million in the year-ago period.

Teradata reported better-than-expected financial results for its second quarter.

Teradata shares gained 3.2% to close at $44.50 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Northland Capital Markets analyst Nehal Chokshi maintained an Outperform rating and cut the price target from $67 to $61 on Oct. 4, 2023. This analyst has an accuracy rate of 63%.
• Citigroup analyst Tyler Radke maintained a Buy rating and raised the price target from $55 to $62 on Aug. 9, 2023. This analyst has an accuracy rate of 69%.
• Morgan Stanley analyst Simon Flannery maintained an Overweight rating and raised the price target from $51 to $74 on Aug. 8, 2023. This analyst has an accuracy rate of 70%.
• Barclays analyst Raimo Lenschow maintained an Underweight rating and cut the price target from $47 to $46 on Aug. 8, 2023. This analyst has an accuracy rate of 71%.
• Guggenheim analyst Howard Ma upgraded the stock from Neutral to Buy with a price target of $62 on May 1, 2023. This analyst has an accuracy rate of 66%.

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