Analyst Jared Levine of TD Cowen maintained a Hold rating on TriNet Group, reducing the price target to $67.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jared Levine has given his Hold rating due to a combination of factors related to TriNet Group’s current and future financial outlook. The company has a strategic plan to enhance growth and margins over the medium term, which includes a focus on returning to its long-term insurance cost ratio (ICR) target starting in fiscal year 2026. This is expected to be achieved through repricing actions that began in the fourth quarter of 2024 to address rising healthcare costs.
However, Levine notes that while there is confidence in TriNet’s strategic direction, the current valuation appears to be fairly full, especially when considering the muted near-term revenue and adjusted earnings per share growth expectations. The price target has been adjusted to $67, reflecting a 14.0x multiple of the estimated 2026 earnings. Additionally, the execution of the company’s plans and clarity on the labor market outlook remain key factors that investors are watching closely.
In another report released on July 29, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $77.00 price target.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TNET in relation to earlier this year.