On May 14, 2025, JP Morgan analyst Tami Zakaria has reiterated an "Overweight" rating for Trimble (TRMB, Financial), sustaining the prior assessment of the company. The decision firmly reflects JP Morgan's positive outlook on Trimble's potential performance in the stock market.
In addition to maintaining the "Overweight" rating, JP Morgan has adjusted its price target for Trimble (TRMB, Financial) upwards. The new price target is set at $88.00 USD, an increase from the previous target of $84.00 USD. This adjustment represents a 4.76% rise, indicating a heightened level of confidence in the company's expected growth and financial health.
Trimble (TRMB, Financial), listed on the NASDAQ, continues to capture the interest of investors and analysts alike with its innovative solutions and market presence. Following JP Morgan's latest updates, stakeholders will be closely monitoring Trimble's performance and strategic developments in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Trimble Inc (TRMB, Financial) is $83.21 with a high estimate of $88.60 and a low estimate of $77.00. The average target implies an upside of 17.05% from the current price of $71.09. More detailed estimate data can be found on the Trimble Inc (TRMB) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Trimble Inc's (TRMB, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Trimble Inc (TRMB, Financial) in one year is $54.10, suggesting a downside of 23.9% from the current price of $71.09. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Trimble Inc (TRMB) Summary page.
