Bernstein analyst Zane Chrane says that Teradata is "an attractive tactical short over the next 12 months," as he expects the company to report lower than expected Q4 EPS and provide lower than expected fiscal 2018 EPS guidance. The analyst says that the company's turnaround will take multiple years to materialize. He adds that the new strategy will require greater spending increases than expected, while there is a high risk that the company's workload could drop during the transition. Finally, he expects it to encounter increased competition and low market growth during the transition. He keeps a $25 price target and an Underperform rating.