Wall Street Analysts Are Bullish on These 5 Stocks with Increasing Price Targets

04. Teradata Corporation (NYSE:TDC)

Upside Potential: 43%

Chad Bennett, an analyst from Craig-Hallum, made his positive stance on Teradata Corporation (NYSE:TDC) crystal clear on August 8. He upheld his Buy rating for the company’s stock and took a step further by revising the price target significantly upward, from its previous mark of $50 to an impressive $66. This noteworthy adjustment underscores Bennett’s growing confidence in Teradata Corporation (NYSE:TDC) potential and its ability to thrive in the market. Bennett’s maintained Buy rating signifies his resolute conviction that Teradata Corporation (NYSE:TDC) stock is poised for favorable growth, aligning with his analysis of the company’s strengths, industry dynamics, and strategic moves. The elevated price target, a substantial increase of $16, is an unmistakable signal of Bennett’s bullish outlook.

Heartland Mid Cap Value Fund made the following comment about Teradata Corporation (NYSE:TDC) in its Q1 2023 investor letter:

“Technology. We added to our existing position in Teradata Corporation (NYSE:TDC), the largest provider of enterprise data analytics for complex workloads. Companies use TDC to predict a variety of events, such as when customers might switch to rivals, when parts are about to fail, or if transactions look suspicious for fraud.

While other enterprise IT companies have been reporting decelerating results, TDC continues to progress on growing recurring revenue from the cloud. The company’s hybrid/multi-cloud offering should position it well to help customers transition to the cloud. The stock remains undervalued, with a free cash flow yield above 9%.”