Barclays has revised its price target for Teradata (TDC, Financial), adjusting it downwards from $25 to $22 while maintaining an Underweight rating on the stock. This adjustment comes amid the firm's first-quarter earnings preview of the U.S. software sector.
According to Barclays, the upcoming Q1 earnings season may not serve as a significant catalyst for stocks within this sector. Although channel checks have shown weakness, they are not considered disastrous. Despite this, the focus is likely to shift more towards the issued guidance rather than immediate earnings results.
The firm also notes that many management teams may not significantly adjust their forecasts, as Q1 holds relatively minor weight in the annual performance. Consequently, Barclays suggests that the real movement and clearer insights into the software sector may not become apparent until the results for the second quarter are disclosed.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Teradata Corp (TDC, Financial) is $29.20 with a high estimate of $37.00 and a low estimate of $25.00. The average target implies an upside of 43.49% from the current price of $20.35. More detailed estimate data can be found on the Teradata Corp (TDC) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Teradata Corp's (TDC, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Teradata Corp (TDC, Financial) in one year is $35.29, suggesting a upside of 73.42% from the current price of $20.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Teradata Corp (TDC) Summary page.
