Evercore Slashes Teradata Target, Maintains Upside

Evercore ISI has adjusted Teradata Corporation's price target to $58 and maintains an Outperform rating despite mixed Q4 results. Teradata's cloud ARR growth missed expectations, but the company sets a lower growth target for fiscal year 2024, potentially providing a foundation for future growth. Analysts suggest Teradata's current valuation reflects execution risks, but the company is well-positioned for growth. Investors should consider Teradata's debt level and short-term obligations.