Teradata Hits 52-Week High as Morgan Stanley Raises PT 14% to $40
Teradata Corp rallied to a new 52-week high after Morgan Stanley lifted its price target by 14% to $40 and RBC raised its target to $35. Fourth-quarter recurring revenue and ARR rose modestly, and Morgan Stanley forecasts AI-driven hybrid deployments will boost cash flow by over 10% year-over-year in 2026.
1. Stock Jumps to 52-Week High
Teradata shares rallied 29.59% on Wednesday, reaching an intraday peak of $41.78 before paring gains to close at $37.88, marking a new 52-week high.
2. Analyst Price Target Upgrades
Morgan Stanley raised its price target by 14% to $40 from $35 and maintained an overweight rating, while RBC lifted its target to $35 from $32 and kept a sector perform rating.
3. Quarterly Financial Highlights and Outlook
In the fourth quarter, recurring revenue and annual recurring revenue (ARR) posted modest increases, positioning the company for growth; Morgan Stanley forecasts AI-driven hybrid deployment projects will drive over 10% year-over-year cash flow growth in 2026.