Morgan Stanley Cuts Teradata: Growth Fears Surge

Morgan Stanley Downgrades Teradata Corporation and Slashes Price Target Amidst Slower Growth Trajectory

Teradata Corporation has been downgraded from Overweight to Equal-weight by Morgan Stanley. The renowned financial firm also slashed the price target for Teradata’s stock from $74 to $48, citing the company’s recent financial performance and outlook. This adjustment comes as an alarming response to the challenges faced by Teradata, including extended timelines for Cloud deals and a decline in on-premise business, which may hinder revenue growth and limit the stock’s potential.