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Baird Lowers its Price Target on Trimble Inc. (TRMB) to $90 but Maintains an Outperform Rating
Yahoo Finance· 2026-02-21 15:38
Group 1 - Trimble Inc. is recognized as one of the 10 Best Consensus Buy-Rated Stocks to Invest in [1] - On February 10, 2026, Trimble reported fourth-quarter revenue of $969.8 million, exceeding the consensus estimate of $950.17 million [2] - The company achieved record annualized recurring revenue of $2.39 billion for 2025 and record fourth-quarter revenue of $970 million [2] Group 2 - Baird lowered its price target for Trimble to $90 from $95 while maintaining an Outperform rating, citing solid execution and firm initial guidance for 2026 [1][3] - JPMorgan also reduced its price target for Trimble to $88 from $98 but kept an Overweight rating [1] - Trimble's fiscal 2026 revenue is projected to be between $3.81 billion and $3.91 billion, compared to the consensus estimate of $3.84 billion [3] Group 3 - The company focuses on providing technology solutions for professionals in architecture, engineering, construction, and related industries [3] - Management emphasized record gross and operating margin levels, indicating strong operational performance [2] - Trimble is positioned to continue executing its Connect & Scale strategy in 2026 [2]