Demystifying Trimble: Insights From 9 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Trimble (NASDAQ:TRMB) received mixed analyst ratings in the latest quarter, with 7 somewhat bullish, 2 indifferent, and no bearish ratings. The average 12-month price target for TRMB is now $68.00, up from $60.00, indicating a 13.33% increase. Analysts from firms like JP Morgan, Piper Sandler, Oppenheimer, and Baird have adjusted their ratings and price targets, reflecting changing market dynamics and Trimble's performance. Trimble's financial health is strong, with positive revenue growth, above-average net margin, and ROE, despite a high debt-to-equity ratio.
May 01, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Trimble received mixed analyst ratings, with an updated average price target of $68.00, indicating optimism about its future performance. The company's strong financial indicators, such as revenue growth and net margin, support a positive outlook, despite concerns about its debt level.
The increase in Trimble's average price target to $68.00, based on analyst ratings, suggests a bullish outlook on the stock. The company's strong financial performance, including revenue growth and net margin, supports this positive sentiment. However, the high debt-to-equity ratio is a concern, but the overall analyst confidence and the company's market position suggest a likely positive short-term impact on TRMB's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100