Bernstein raised the firm’s price target on Trimble (TRMB) to $85 from $82 and keeps an Outperform rating on the shares. The firm notes Trimble held its 2024 Investor Day and updated its operating model after significant changes in the last 12 months. This was a thesis-affirming event, and Bernstein remains bullish with high conviction.
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Read More on TRMB:
- 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’
- Trimble sees filing Form 10-K, Form 10-Qs in about two weeks