Recently, it's been an eventful period for
biotech firm Trimble (TRMB). To start with, JP Morgan has raised the company's price target and maintains an overweight rating. At the same time, Oppenheimer has also raised Trimble's price target to $88. However, some analysts are concerned about the company's return on capital. Despite this, Trimble's strong financial prospects seem to be driving momentum in its stock. Moving further, with anticipation of Trimble's earnings report, some analysts shared their views while others previewed what to expect from the report. In the meantime,
Trimble and TDK have launched an advanced navigation system for self-driving cars and drones. Furthermore, Trimble has partnered with KT Corp to power next-gen autonomous vehicles with centimeter-level accuracy. In other news, Trimble's stock is up 5.6% since its last earnings report with Q1 2025 showing strong ARR growth and strategic AI initiatives. Trimble has also been authorized a $1 billion buyback, setting the tone for 2025. However, the company's stock went down by 3.5% since their last earnings report but Insider selling has been regarded as a sign of caution. Despite all, the company received a notification of deficiency from Nasdaq related to the delayed filing of their annual report on form 10-k fiscal for 2024.
Trimble TRMB News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Sat, 19 Jul 2025 14:31:00 GMT -
Rating 5
- Innovation 8
- Information 6
- Rumor -2
