Analyst Jeffrey Silber of BMO Capital maintained a Hold rating on Robert Half (RHI – Research Report), reducing the price target to $51.00.
Jeffrey Silber’s rating is based on a combination of factors affecting Robert Half’s financial performance. The company reported a significant earnings miss in the first quarter of 2025, primarily due to lower-than-expected margins and restructuring charges that were not initially guided. Additionally, both the Talent Solutions and Protiviti segments experienced revenue declines and operating margin pressures, which were below prior guidance.
Despite these challenges, Robert Half has announced a restructuring plan aimed at reducing corporate overhead and achieving substantial cost savings. However, the company’s second-quarter earnings guidance remains below consensus expectations, reflecting a cautious outlook given the current macroeconomic environment. While Robert Half is recognized as a well-managed company with expanding technology offerings, these initiatives may not be sufficient to offset the broader cyclical pressures it faces, justifying the Hold rating.
RHI’s price has also changed moderately for the past six months – from $68.750 to $45.010, which is a -34.53% drop .