Citizens reiterated a Market Outperform rating on Teradata Corp. (NYSE:TDC) with a $49.00 price target. The move follows Teradata's new product announcements at its Autonomous Intelligence World Tour in New York on May 7.
Analyst Patrick Walravens stated, 'We maintain our Market Outperform rating and $49 target after new products and ahead of investor meetings on June 9 in Chicago.' Teradata shares are up 10% YTD vs. 8% for the Russell 3000.
Over the past year, Teradata shares returned 48%. With a P/E of 7.46 and a market cap of $3.08 billion, Bond.az analysis suggests the stock is undervalued.
Teradata reported strong Q1 fiscal 2026 results, with non-GAAP EPS of $0.88 (beat $0.69 estimate) and revenue of $444 million (beat $428.84M). Shareholders also approved an amendment to the 2023 Stock Incentive Plan.
