Trimble Inc. (TRMB)
NASDAQ: TRMB · IEX Real-Time Price · USD
55.68
+0.18 (0.32%)
At close: May 31, 2024, 4:00 PM
56.00
+0.32 (0.57%)
After-hours: May 31, 2024, 6:31 PM EDT
Trimble Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Trimble stock have an average target of 67.43, with a low estimate of 58 and a high estimate of 73. The average target predicts an increase of 21.10% from the current stock price of 55.68.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Trimble stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 3 | 3 | 4 | 4 | 4 | 5 |
| Hold | 4 | 2 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 10 | 8 | 8 | 7 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Reiterates $65 | Buy | Reiterates | $65 | +16.74% | May 15, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $72 | Buy | Maintains | $72 | +29.31% | May 6, 2024 |
| Piper Sandler | Piper Sandler | Buy Reiterates $73 | Buy | Reiterates | $73 | +31.11% | May 6, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $57 → $67 | Hold | Maintains | $57 → $67 | +20.33% | May 1, 2024 |
| Piper Sandler | Piper Sandler | Buy Reiterates $73 | Buy | Reiterates | $73 | +31.11% | Apr 15, 2024 |
Financial Forecast
Revenue This Year
3.70B
from 3.80B
Decreased by -2.52%
Revenue Next Year
3.83B
from 3.70B
Increased by 3.40%
EPS This Year
2.78
from 1.25
Increased by 122.40%
EPS Next Year
3.11
from 2.78
Increased by 11.82%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.8B | 4.1B | 4.9B |
| Avg | 3.7B | 3.8B | 4.3B |
| Low | 3.5B | 3.6B | 3.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.8% | 11.1% | 29.2% |
| Avg | -2.5% | 3.4% | 12.1% |
| Low | -6.7% | -2.9% | 2.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.90 | 3.36 | 3.82 |
| Avg | 2.78 | 3.11 | 3.58 |
| Low | 2.64 | 2.81 | 3.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 131.8% | 20.9% | 22.9% |
| Avg | 122.4% | 11.8% | 15.2% |
| Low | 111.3% | 1.2% | 8.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.