Based on the provided data and current market conditions, here's a comprehensive analysis for TRMB stock:
Technical Analysis
The stock is currently trading at $74.36, showing relatively flat performance in today's regular trading session. The stock is trading near its Fibonacci pivot point of $74.73, with immediate resistance at $76.42 and support at $73.03. The RSI(14) reading of 51.35 indicates neutral momentum, while the positive MACD of 0.67 suggests a slight bullish bias.
Fundamental Strength
According to recent reports, Trimble is expected to report Q4 2024 earnings today (February 10, 2025) with analysts projecting:
- EPS of $0.75, representing a 41.5% YoY growth
- Revenue guidance of $925-965 million
- Full-year 2024 EPS expectation of $2.34, up 6.4% YoY
Recent Developments
- Partnership with Qualcomm for high-precision positioning solutions in autonomous vehicles
- Strong growth in software and recurring subscription revenue
- Strategic divestment of non-core businesses to improve operational efficiency
Analyst Consensus
The stock maintains a strong bullish consensus with:
- 9 Strong Buy ratings
- 1 Moderate Buy
- 1 Hold
- Average price target of $87.05, implying 19.7% upside potential
Recommendation
Based on the technical setup, strong fundamental outlook, and positive analyst sentiment, TRMB appears to be a BUY at current levels. The stock's positioning in high-growth areas like AI and autonomous vehicles, combined with its transformation towards recurring revenue streams, provides multiple growth catalysts.