Why Teradata Stock Soared Today
Shares of Teradata (NYSE: TDC) have soared today, up by 18% as of 12:40 p.m. EST, after getting an upgrade from Wall Street. JMP Securities boosted its rating on Teradata from market perform to outperform while assigning a price target of $70, which represents nearly 90% upside from Friday's closing price.
Additional details regarding the upgrade were not immediately available, but the bullishness is outweighing other analyst activity today. Bernstein reiterated a market perform rating (equivalent to neutral) this morning while raising its price target from $22 to $28. UBS maintained its sell rating on the stock while adjusting its price target from $19 to $28.
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Source Fool.com
