Trimble (TRMB) Stock Forecast & Price Target

$55.36

+0.66 (+1.21%)

(As of 07/26/2024 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

Based on 6 Wall Street analysts who have issued ratings for Trimble in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a hold rating, and 5 have given a buy rating for TRMB.

Consensus Price Target

$66.67
20.42% Upside

High Forecast	$73.00
Average Forecast	$66.67
Low Forecast	$58.00

According to the 6 analysts' twelve-month price targets for Trimble, the average price target is $66.67. The highest price target for TRMB is $73.00, while the lowest price target for TRMB is $58.00. The average price target represents a forecasted upside of 20.42% from the current price of $55.36.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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)	5 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	$64.83	$59.00
Forecasted Upside	20.42% Upside	22.68% Upside	19.35% Upside	8.61% 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.

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.

Trimble Stock vs. The Competition

Type	Trimble	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.83	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	20.42% Upside	553.20% Upside	9.09% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
5/15/2024	Raymond James 4 of 5 stars	Reiterated Rating	Outperform ➝ Outperform	$65.00	+13.56%
5/6/2024	Piper Sandler 2 of 5 stars	Reiterated Rating	Overweight ➝ Overweight	$73.00 ➝ $73.00	+30.52%
5/6/2024	Oppenheimer 3 of 5 stars	Reiterated Rating	Outperform ➝ Outperform	$72.00 ➝ $72.00	+28.73%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$57.00 ➝ $67.00	+13.44%
2/13/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$59.00 ➝ $65.00	+15.99%
11/2/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$66.00 ➝ $58.00	+38.62%
Get the Latest News and Ratings for TRMB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Trimble and its competitors with MarketBeat's FREE daily newsletter.
5/4/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
4/5/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
3/7/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$40.00	-24.60%
12/13/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight	$63.00 ➝ $65.00	+10.58%
8/16/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:59 AM ET.

TRMB Forecast - Frequently Asked Questions

What is Trimble's forecast for 2024?: 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.
Should I buy or sell Trimble stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trimble in the last twelve months. There is currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TRMB shares.
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.
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 2.61. Learn more on how TRMB compares to other companies.