Stock Track | Teradata Soars 5% in Pre-Market Following Citizens JMP Upgrade to Outperform

Stock Track11-10

Shares of Teradata (TDC) are soaring 5.00% in pre-market trading on Monday, following a significant analyst upgrade. The surge comes as investors react positively to the new bullish stance on the company's stock.

Citizens JMP has upgraded Teradata from Market Perform to Outperform, setting a new price target of $42. The upgrade is based on the firm's assessment that Teradata has successfully repositioned itself, potentially for better market performance. This new target represents a substantial upside from the stock's previous closing price, likely contributing to the strong pre-market rally.

Prior to this upgrade, Teradata had an average rating of "hold" among analysts polled by FactSet, with a mean price target of $27.80. The new outperform rating and higher price target from Citizens JMP could signal a shifting sentiment towards the company, which may attract more investor attention in the coming trading sessions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment