In a report released today, Jared Levine from TD Cowen maintained a Hold rating on TriNet Group, with a price target of $74.00.
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Jared Levine has given his Hold rating due to a combination of factors influencing TriNet Group’s financial outlook. The price target has been adjusted to $74 from a previous $77, reflecting changes in financial forecasts and market conditions.
The decision to maintain a Hold rating is influenced by modest reductions in adjusted EBITDA and EPS estimates, driven by assumptions of decreased leverage and a shift in revenue mix towards insurance. Additionally, while there are improvements in insurance pricing and interest income, these are partially offset by lower expectations for WSE growth. The valuation is based on a 15.0x P/E ratio for the estimated calendar year 2026 earnings.