Trimble Price Target Raised to $88 by Oppenheimer Analyst

Trimble (TRMB) has received a positive analyst report from Oppenheimer, maintaining an "Outperform" rating and raising the price target to $88.00, an 8.64% increase. The average target price for TRMB is $83.71, with a high estimate of $89.11 and a low estimate of $77.00. The average brokerage recommendation is 1.6, indicating "Outperform" status. GF Value estimates a downside of 32.09% from the current price of $80.67.

Trimble Inc. (TRMB) has been the subject of recent analyst reviews, with a mix of bullish and bearish sentiments emerging over the past three months. The company, a technology solutions provider, has seen analysts adjust their ratings and price targets, providing insights into the changing market perceptions.

According to the latest analyst reports, four analysts have evaluated Trimble, revealing a diverse range of views. The table below summarizes the recent ratings, offering a snapshot of analyst sentiments:

| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish |
|---------|------------------|-------------|------------------|---------|
| 0 | 4 | 0 | 0 | 0 |
| Last 30D| 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 |

The average 12-month price target for Trimble is $88.75, with a high estimate of $95.00 and a low estimate of $84.00. This marks an increase of 5.34% from the previous average price target of $84.25.

Key analysts and their recent actions include:

- Kristen Owen from Oppenheimer raised the rating to "Outperform" and increased the price target to $88.00.
- Tami Zakaria from JP Morgan raised the rating to "Overweight" and adjusted the price target to $95.00.
- Clarke Jeffries from Piper Sandler maintained the rating at "Overweight" with a price target of $84.00.

Analysts' actions reflect their response to recent market conditions and company performance. The ratings and price targets provide a snapshot of how analysts perceive Trimble's current state and future prospects.

Trimble's market position is supported by a robust market capitalization, strong financial performance, and effective cost management. However, the company has faced revenue challenges, with a decline in revenue growth over the past three months. Despite these challenges, Trimble's net margin, ROE, and ROA remain above industry averages, indicating strong financial health.

Stay informed about Trimble's analyst ratings and other financial indicators to make well-informed investment decisions.

References:

[1] https://www.benzinga.com/insights/analyst-ratings/25/07/46465922/breaking-down-trimble-4-analysts-share-their-views
[2] https://www.nasdaq.com/articles/breaking-down-trimble-4-analysts-share-their-views