In a report released today, Jared Levine from TD Cowen maintained a Hold rating on TriNet Group, with a price target of $67.00.
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Jared Levine has given his Hold rating due to a combination of factors influencing TriNet Group’s financial outlook. The decision reflects an adjustment in revenue estimates, which have been modestly increased due to anticipated higher insurance pricing. However, this positive outlook is partially counterbalanced by a decrease in professional services revenue, leading to a mixed revenue projection.
Additionally, while the fiscal year 2025 adjusted EPS and EBITDA have been raised due to these factors and a slightly lower projected insurance claims ratio, there is a concern about the unfavorable revenue mix shift affecting future earnings. These elements together contribute to a balanced view, justifying the Hold rating as the company navigates these mixed financial projections.
According to TipRanks, Levine is an analyst with an average return of -3.8% and a 37.14% success rate. Levine covers the Technology sector, focusing on stocks such as Paycom, Dayforce Inc, and Paylocity.