In a report released on April 24, Jeffrey Silber from BMO Capital reiterated a Hold rating on Robert Half, with a price target of $32.00.
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Jeffrey Silber has given his Hold rating due to a combination of factors, including Robert Half’s modest earnings beat and nascent signs of improvement in its staffing trends. Talent Solutions showed sequential progress in contract revenue declines and benefited from disciplined cost management, but overall revenue is still falling year over year and margins remain constrained.
At the same time, Protiviti’s results were pressured by seasonal softness, regulatory-driven weakness in risk and compliance work, and restructuring charges that weigh on near‑term profitability. Management’s cautious second‑quarter outlook, coupled with estimate reductions and ongoing macro and white-collar staffing headwinds tied in part to generative AI, leads Silber to maintain a neutral stance and leave his $32 price target unchanged rather than turn more positive or negative.
In another report released on April 23, Barclays also maintained a Hold rating on the stock with a $25.00 price target.