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Trimble (TRMB) Stock Forecast & Price Target

$54.81
-0.91 (-1.63%)
(As of 05:46 PM ET)

Trimble - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Consensus Price Target

$66.67
21.63% Upside
High Forecast$73.00
Average Forecast$66.67
Low Forecast$58.00
TypeCurrent Forecast
6/15/23 to 6/14/24
1 Month Ago
5/16/23 to 5/15/24
3 Months Ago
3/17/23 to 3/16/24
1 Year Ago
6/15/22 to 6/15/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$66.67$66.67$64.00$59.00
Forecasted Upside21.63% Upside22.68% Upside19.97% Upside8.61% Upside
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TRMB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TRMB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Trimble Stock vs. The Competition

TypeTrimbleComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.83
2.59
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside21.37% Upside208.27% Upside12.31% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/15/2024Raymond James
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 Reiterated RatingOutperform ➝ Outperform$65.00+13.56%
5/6/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$73.00 ➝ $73.00+30.52%
5/6/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$72.00 ➝ $72.00+28.73%
5/1/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$57.00 ➝ $67.00+13.44%
2/13/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$59.00 ➝ $65.00+15.99%
11/2/2023The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$66.00 ➝ $58.00+38.62%
5/4/2023888
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 Reiterated RatingMaintains
4/5/2023Edward Jones
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 UpgradeHold ➝ Buy
3/7/2023Northcoast Research
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 DowngradeNeutral ➝ Sell$40.00-24.60%
12/13/2022Morgan Stanley
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 Boost TargetEqual Weight$63.00 ➝ $65.00+10.58%
8/16/2022Wolfe Research
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 Initiated CoverageMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:30 PM ET.

TRMB Frequently Asked Questions

What is Trimble's stock forecast and purchase recommendation?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Trimble is $66.67, with a high forecast of $73.00 and a low forecast of $58.00. The consensus rating for Trimble stock is Moderate Buy based on the current 1 hold rating and 5 buy ratings for TRMB. Learn more on TRMB's analyst rating history.

Do Wall Street analysts like Trimble more than its competitors?

Analysts like Trimble more than other "computer and technology" companies. The consensus rating score for Trimble is 2.83 while the average consensus rating score for "computer and technology" companies is 2.60. Learn more on how TRMB compares to other companies.

Does Trimble's stock price have much upside?

According to analysts, Trimble's stock has a predicted upside of 22.68% based on their 12-month stock forecasts.

What analysts cover Trimble?

Trimble has been rated by research analysts at JPMorgan Chase & Co., Oppenheimer, Piper Sandler, and Raymond James in the past 90 days.


Stock Forecasts and Research Tools

This page (NASDAQ:TRMB) was last updated on 6/14/2024 by MarketBeat.com Staff

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