TD Cowen analyst Jared Levine upgraded TriNet Group to Outperform from Market Perform with a price target of $125, up from $95. The analyst has increasing conviction in the company’s execution and fundamentals. A clearer path to high-single-digit worksite employee growth and more gradual insurance margin normalization bring greater confidence in low-double-digit revenue growth and mid-teens total return starting in fiscal 2024 for TriNet, the analyst tells investors in a research note.
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- TriNet Group, Inc. Commences a Fixed Price Tender Offer to Repurchase up to 5,981,308 Shares (Representing Approximately $640 million in Value of Shares)
- TriNet Group, Inc. Announces Intention to Launch a Combined $1 Billion Fixed Price Tender Offer and Repurchase from Atairos, each at a Price of $107 Per Share of Common Stock
- TriNet to launch combined $1B tender offer to repurchase shares
- TriNet price target raised to $120 from $115 at Needham
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