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Equities researchers at Standpoint Research assumed coverage on shares of Teradata (NYSE:TDC) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $58.00 price target on the stock. Standpoint Research’s price objective indicates a potential upside of 40.64% from the stock’s previous close.

Shares of Teradata (NYSE:TDC) opened at 41.24 on Monday. Teradata has a 52-week low of $37.66 and a 52-week high of $65.96. The stock has a 50-day moving average of $42.00 and a 200-day moving average of $44.14. The company has a market cap of $6.504 billion and a P/E ratio of 17.93.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.07. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $614.59 million. During the same quarter last year, the company posted $0.43 earnings per share. Teradata’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Teradata will post $2.85 earnings per share for the current fiscal year.

TDC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Teradata in a research note on Monday, June 30th. They now have a $43.00 price target on the stock. Separately, analysts at JMP Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating in a research note on Monday, June 23rd. They now have a $63.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Teradata from $37.00 to $35.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Teradata currently has a consensus rating of “Hold” and an average target price of $51.12.

Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.

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