Why Teradata Stock Is Down 8% on Friday Afternoon
Teradata (NYSE: TDC) stock tumbled in early trading Friday, hurt by a new sell rating from a UBS analyst who warned that customers are preparing to abandon the cloud-based enterprise analytics company.
As of 12:30 p.m. ET, Teradata stock was already down roughly 8%.
Teradata has told investors that it expects to generate $1 billion in annual recurring revenue from its public cloud business in 2025 (cloud ARR was $528 million last year and up 10 times in four years), and $450 million in positive free cash flow. But according to UBS analyst Austin Dietz, these numbers are at risk. Customer checks among Teradata's clients show that 6 out of 7 customers surveyed "are migrating off Teradata in the next 6-24+ months," writes Dietz in a note covered on StreetInsider.com today.
Source Fool.com
Teradata Corp. Aktie
Teradata Corp. ist ein kleiner Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Bei einem Kursziel von 42 € ergibt sich ein stark positives Potenzial von 68.0% für Teradata Corp. im Vergleich zum aktuellen Kurs von 25.0 €.
