Decoding 6 Analyst Evaluations For Trimble
Portfolio Pulse from Benzinga Insights
In the last three months, 6 analysts have updated their ratings on Trimble (NASDAQ:TRMB), with a shift towards a more bullish outlook. The average 12-month price target has increased by 15.6% to $63.00. Analysts from firms like Piper Sandler, Baird, and JP Morgan have raised their price targets, reflecting positive market conditions and Trimble's performance. Trimble has shown solid revenue growth of 8.86% as of December 31, 2023, with a net margin of 6.76% and ROE of 1.42%, indicating strong financial health despite a high debt-to-equity ratio of 0.71.
March 12, 2024 | 12:02 pm
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POSITIVE IMPACT
Analysts have become more bullish on Trimble, raising their 12-month price targets to an average of $63.00, indicating a positive outlook on the company's performance and market position.
The increase in the average price target by analysts from reputable firms such as Piper Sandler, Baird, and JP Morgan, combined with Trimble's solid revenue growth and strong financial indicators like net margin and ROE, suggest a positive short-term impact on TRMB's stock price. The analysts' bullish stance, evidenced by the raised price targets and positive ratings, indicates confidence in Trimble's future performance. However, the high debt-to-equity ratio is a point of caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100