Analyst Jared Levine of TD Cowen maintained a Hold rating on TriNet Group (TNET – Research Report), boosting the price target to $77.00.
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Jared Levine has given his Hold rating due to a combination of factors affecting TriNet Group’s financial outlook. The analyst has made minor adjustments to revenue projections, reflecting the latest insights before the company’s upcoming first-quarter report. Additionally, there has been a reduction in adjusted EBITDA estimates, influenced by the phasing out of Zenefits and the disposition of Clarus R+D, which has impacted depreciation and amortization figures.
Despite these changes, the price target has been slightly increased to $77, based on a 15.0x price-to-earnings ratio for the calendar year 2026 estimate. This suggests that while there are some positive aspects, such as the revised price target, the overall outlook remains cautious, justifying the Hold rating.