What Analysts Are Saying About Trimble Stock
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on Trimble (NASDAQ:TRMB), with recent ratings showing a shift towards a more bullish outlook. The average 12-month price target has risen to $65.38 from $56.00, indicating a 16.75% increase. Analyst actions include maintaining and raising ratings, with price targets adjusted accordingly. Trimble's financial performance is strong, with notable revenue growth, net margin, ROE, and ROA, although its debt-to-equity ratio suggests potential financial challenges.
April 02, 2024 | 12:00 pm
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Analysts have a more bullish outlook on Trimble, with an increased average price target of $65.38. The company's strong financial performance and recent analyst upgrades suggest potential short-term stock appreciation.
The shift towards a more bullish sentiment among analysts, combined with Trimble's strong financial performance indicators such as revenue growth and net margin, suggests a positive short-term impact on the stock price. The increase in the average price target reflects growing confidence in the company's future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100