TNET Similar Chart Price Prediction
The price of TNET is predicted to go up 5%, based on the high correlation periods with CELH. The similarity of these two price pattern on the periods is 98.42%.
TNET
CELH
Up: 5%Similarity: 98.42%
TNET Revenue Forecast
TNET EPS Forecast
TNET FAQs
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TNET VS S&P500
Rising regulatory complexity, dispersed workforces, and fierce competition for labor are attractive tailwinds for TriNet and PEO peers.
We anticipate TriNet will take share from regional PEO providers as the industry consolidates, as well as from self-service HCM software and rudimentary HCM alternatives.
As with payroll and HCM peers, we believe TriNet enjoys high customer switching costs that lead to attractive recurring revenue.
TNET Analyst's Forecast
Jared Levine
TD Cowen
Strong Buy
2024-11-20
Price Target
$92 → $104
Upside
+10.4%
TD Cowen raised the firm's price target on TriNet to $104 from $92 and keeps a Buy rating on the shares. The firm also named TriNet a Best Idea for 2025. TD believes the shares are set up to outperform in 2025 driven by improving investor sentiment and investors rolling forward valuation years. Better investor sentiment in 2025 is supported by improving fundamentals, including a mid-teens total return model, and enhanced risk management of TriNets insurance book yielding multiple expansion, the analyst tells investors in a research note.
Jared Levine
TD Cowen
Strong Buy
2024-10-28
Price Target
$110 → $92
Upside
+11.31%
Kyle Peterson
Needham
Strong Buy → Hold
2024-10-28
Price Target
$140
Upside
+69.39%
