TRMB Price Prediction Next Week
Technical Analysis: TRMB has shown a bullish trend since its Q4 earnings release on February 19, 2025. The stock has formed higher lows and higher highs, indicating positive momentum.
Price Levels:
- Current price: $71.26
- Resistance: $74.62 (recent high)
- Support: $71.11 (recent low)
- Next resistance: $76.50
News Impact:
- Strong Q4 2024 results with revenue rising 5.5% to $983.4 million, beating estimates of $944.4 million
- AECO segment showed impressive 43% revenue growth
- Positive guidance for Q1 2025 with revenue between $794-824 million, above analyst estimates
- Recent mobility divestiture completion impacts future projections
Forecast for Next Week: Based on technical indicators and recent positive earnings momentum:
Target Prices:
- Bullish scenario (60% probability): $74.50-75.00
- Base scenario (30% probability): $71.00-72.50
- Bearish scenario (10% probability): $69.50-70.00
Recommendation: BUY Entry point: Current price ($71.26) Target: $74.50 Stop loss: $69.50
Rationale:
- Strong fundamental performance with Q4 earnings beat
- Positive revenue guidance above market expectations
- Technical indicators showing upward momentum
- Institutional confidence demonstrated through JANA Partners maintaining significant position
TRMB Similar Chart Price Prediction
The price of TRMB is predicted to go up 4.43%, based on the high correlation periods with MAIN. The similarity of these two price pattern on the periods is 93.45%.
TRMB
MAIN
Up: 4.43%Similarity: 93.45%
TRMB Revenue Forecast
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TRMB Analyst's Forecast
Kristen Owen
Oppenheimer
Buy
2025-02-20
Price Target
$88 → $90
Upside
+22.93%
Oppenheimer raised the firm's price target on Trimble 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.
Chad Dillard
Bernstein
Buy
2024-12-11
Price Target
$82 → $85
Upside
+14.93%
Kristen Owen
Oppenheimer
Buy
2024-12-11
Price Target
$77 → $88
Upside
+18.98%
