Trimble price target raised to $90 from $88 at Oppenheimer

Oppenheimer raised the firm’s price target on Trimble (TRMB) to $90 from $88 and keeps an Outperform rating on the shares. The firm notes the company delivered a strong finish to the year, with momentum in ARR growth sustaining the outlook for +HSD organic EBITDA growth in 2025. Given moving pieces, Q1 guide proved better than feared with underlying organic ARR growth of 14% at midpoint, Oppenheimer adds.