Trimble: Anticipating Double-Digits Growth In ARR; Initiating With 'Buy'
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Trimble is shifting towards software-driven models, expecting double-digit ARR growth, and has been given a 'Buy' rating with a target price of $86. The company is divesting non-core businesses, including a $2 billion joint venture sale to AGCO, to focus on high-growth areas.
November 28, 2024 | 3:45 am
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Trimble is focusing on software-driven models with expected double-digit ARR growth, leading to a 'Buy' rating and a target price of $86. The company is divesting non-core businesses to concentrate on high-growth areas.
Trimble's strategic shift towards software and expected ARR growth supports a positive outlook. The divestiture of non-core businesses, including a $2 billion joint venture sale, allows Trimble to focus on high-growth areas, enhancing its value proposition.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100