Baird analyst Richard Eastman raised the firm’s price target on Trimble (TRMB) to $90 from $82 and keeps an Outperform rating on the shares. The firm said the company’s business model transformation is driving higher core sales/profit growth, bringing improved visibility (ARR). TRMB’s updated financial targets met our expectations with positive bias.
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Read More on TRMB:
- Trimble price target raised to $85 from $82 at Bernstein
- Trimble sees FY24 pro forma revenue $3.18B, consensus $3.65B
- Trimble sees preliminary 2025 revenue $3.4B, consensus $3.47B
- Trimble provides long-term outlook at Investor Day event
- Trimble expects to restart stock repurchase program ‘as soon as practicable’