Trimble (TRMB) Stock Forecast, Price Target & Predictions
TRMB Stock Forecast
Trimble stock forecast is as follows: an average price target of $67.67 (represents a 25.04% upside from TRMB’s last price of $54.12) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
TRMB Price Target
The average price target for Trimble (TRMB) is $67.67 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $73.00 to $65.00. This represents a potential 25.04% upside from TRMB's last price of $54.12.
TRMB Analyst Ratings
According to 7 Wall Street analysts, Trimble's rating consensus is 'Buy'. The analyst rating breakdown for TRMB stock is 0 'Strong Buy' (0.00%), 4 'Buy' (57.14%), 3 'Hold' (42.86%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Trimble Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Mar 12, 2024 | Clarke Jeffries | Piper Sandler | $73.00 | $63.42 | 15.11% | 34.89% |
| Feb 12, 2024 | Clarke Jeffries | Piper Sandler | $68.00 | $54.69 | 24.34% | 25.65% |
| Sep 29, 2023 | Brian Gesuale | Raymond James | $65.00 | $53.93 | 20.53% | 20.10% |
| Dec 13, 2022 | Clarke Jeffries | Piper Sandler | $65.00 | $55.03 | 18.11% | 20.10% |
| Dec 13, 2022 | - | Morgan Stanley | $65.00 | $55.17 | 17.81% | 20.10% |
| May 20, 2022 | Weston Twigg | Piper Sandler | $100.00 | $65.23 | 53.30% | 84.77% |
The latest Trimble stock forecast, released on Mar 12, 2024 by Clarke Jeffries from Piper Sandler, set a price target of $73.00, which represents a 15.11% increase from the stock price at the time of the forecast ($63.42), and a 34.89% increase from TRMB last price ($54.12).
Trimble Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $68.67 |
| Last Closing Price | $54.12 | $54.12 | $54.12 |
| Upside/Downside | -100.00% | -100.00% | 26.88% |
In the current month, the average price target of Trimble stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Trimble's last price of $54.12. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 02, 2024 | Sandler O'Neill | Neutral | Neutral | Hold |
| Feb 13, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Feb 12, 2024 | Piper Sandler | Neutral | Overweight | Upgrade |
| Nov 02, 2023 | CFRA | - | Buy | Upgrade |
| Sep 29, 2023 | Citigroup | Neutral | Neutral | Hold |
| Sep 29, 2023 | Raymond James | Market Perform | Outperform | Upgrade |
| Apr 05, 2023 | Edward Jones | - | Buy | Upgrade |
| Dec 13, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Dec 13, 2022 | Raymond James | - | Market Perform | Downgrade |
| Sep 08, 2022 | Piper Sandler | - | Neutral | Downgrade |
Trimble's last stock rating was published by Sandler O'Neill on Apr 02, 2024. The company gave TRMB a "Neutral" rating, the same as its previous rate.
Trimble Financial Forecast
Trimble Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $932.40M | $957.30M | $993.60M | $915.40M | $856.50M | $884.90M | $941.20M | $993.70M | $926.00M | $901.40M | $945.20M | $886.50M | $824.00M | $792.10M | $733.60M | $792.30M | - | $783.90M |
| Avg Forecast | $991.01M | $972.39M | $976.66M | $978.12M | $946.72M | $921.17M | $922.08M | $917.73M | $940.86M | $861.85M | $862.50M | $912.52M | $910.11M | $966.69M | $975.63M | $929.63M | $875.76M | $911.41M | $928.95M | $968.23M | $894.60M | $882.26M | $868.04M | $823.18M | $785.69M | $719.92M | $701.84M | $779.60M | $784.64M | $809.48M |
| High Forecast | $1.00B | $982.18M | $986.49M | $987.97M | $956.25M | $930.45M | $931.36M | $926.97M | $950.33M | $868.38M | $871.19M | $921.71M | $916.54M | $980.95M | $985.46M | $939.00M | $884.58M | $920.59M | $937.14M | $976.77M | $902.49M | $890.05M | $875.70M | $830.44M | $792.62M | $726.27M | $708.03M | $786.48M | $791.56M | $816.62M |
| Low Forecast | $980.80M | $962.37M | $966.59M | $968.04M | $936.96M | $911.68M | $912.58M | $908.28M | $931.16M | $858.16M | $853.62M | $903.11M | $903.33M | $952.66M | $965.58M | $920.06M | $866.73M | $902.02M | $922.18M | $961.17M | $888.08M | $875.83M | $861.72M | $817.18M | $779.97M | $714.67M | $696.73M | $773.92M | $778.93M | $803.58M |
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 5 | 7 | 11 | 5 | 10 | 6 | 4 | 4 | 8 | 6 | 5 | 5 | 8 | 5 | 4 | 6 | 4 | 5 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.99% | 1.02% | 0.98% | 0.98% | 0.97% | 1.01% | 1.03% | 1.04% | 1.02% | 1.09% | 1.08% | 1.05% | 1.10% | 1.05% | 1.02% | - | 0.97% |
Trimble's average Quarter revenue forecast for Mar 24 based on 5 analysts is $912.52M, with a low forecast of $903.11M, and a high forecast of $921.71M. TRMB's average Quarter revenue forecast represents a -2.13% decrease compared to the company's last Quarter revenue of $932.40M (Dec 23).
Trimble EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 5 | 7 | 11 | 5 | 10 | 6 | 4 | 4 | 8 | 6 | 5 | 5 | 8 | 5 | 4 | 6 | 4 | 5 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $184.10M | $201.00M | $182.90M | $231.50M | $141.20M | $176.80M | $284.60M | $206.00M | $178.00M | $217.00M | $224.50M | $200.30M | $144.30M | $165.80M | $159.80M | $150.10M | - | $148.80M |
| Avg Forecast | $207.87M | $203.97M | $204.86M | $205.17M | $198.58M | $193.23M | $193.42M | $192.50M | $197.35M | $180.78M | $180.92M | $207.36M | $190.91M | $202.77M | $204.65M | $188.50M | $183.70M | $223.04M | $194.86M | $171.37M | $187.65M | $185.06M | $182.08M | $155.79M | $164.81M | $151.01M | $147.22M | $120.81M | $164.59M | $169.80M |
| High Forecast | $209.97M | $206.02M | $206.93M | $207.24M | $200.58M | $195.17M | $195.36M | $194.44M | $199.34M | $182.15M | $182.74M | $248.83M | $192.25M | $205.77M | $206.71M | $226.21M | $185.55M | $267.64M | $196.58M | $205.64M | $189.31M | $186.70M | $183.69M | $186.95M | $166.26M | $152.34M | $148.52M | $144.97M | $166.04M | $171.30M |
| Low Forecast | $205.73M | $201.87M | $202.75M | $203.06M | $196.54M | $191.24M | $191.42M | $190.52M | $195.32M | $180.01M | $179.06M | $165.88M | $189.48M | $199.83M | $202.54M | $150.80M | $181.81M | $178.43M | $193.44M | $137.09M | $186.28M | $183.72M | $180.75M | $124.63M | $163.61M | $149.91M | $146.15M | $96.65M | $163.39M | $168.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.99% | 0.89% | 1.23% | 0.77% | 0.79% | 1.46% | 1.20% | 0.95% | 1.17% | 1.23% | 1.29% | 0.88% | 1.10% | 1.09% | 1.24% | - | 0.88% |
5 analysts predict TRMB's average Quarter EBITDA for Mar 24 to be $207.36M, with a high of $248.83M and a low of $165.88M. This is 12.63% upper than Trimble's previous annual EBITDA (Dec 23) of $184.10M.
Trimble Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 5 | 7 | 11 | 5 | 10 | 6 | 4 | 4 | 8 | 6 | 5 | 5 | 8 | 5 | 4 | 6 | 4 | 5 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $63.00M | $74.90M | $44.60M | $128.80M | $85.60M | $85.80M | $168.00M | $110.30M | $115.30M | $124.00M | $138.90M | $114.50M | $279.30M | $84.70M | $63.00M | $61.90M | - | $78.10M |
| Avg Forecast | - | - | - | - | $207.96M | $174.94M | $169.03M | $179.46M | $214.86M | $151.54M | $143.37M | $118.53M | $146.92M | $148.83M | $145.43M | $107.76M | $150.51M | $127.45M | $153.51M | $97.96M | $154.13M | $146.52M | $148.12M | $89.06M | $125.66M | $105.42M | $93.60M | $49.82M | $116.95M | $116.63M |
| High Forecast | - | - | - | - | $210.68M | $177.24M | $171.24M | $181.81M | $217.67M | $156.42M | $145.25M | $142.24M | $151.98M | $161.03M | $147.33M | $129.31M | $152.48M | $152.94M | $155.27M | $117.55M | $155.90M | $148.20M | $149.81M | $106.87M | $127.11M | $106.63M | $94.67M | $59.79M | $118.29M | $117.97M |
| Low Forecast | - | - | - | - | $205.18M | $172.60M | $166.77M | $177.06M | $211.98M | $149.09M | $141.45M | $94.83M | $139.32M | $143.95M | $143.48M | $86.21M | $148.49M | $101.96M | $152.06M | $78.37M | $152.67M | $145.13M | $146.71M | $71.24M | $124.47M | $104.43M | $92.71M | $39.86M | $115.84M | $115.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.50% | 0.31% | 1.20% | 0.57% | 0.67% | 1.09% | 1.13% | 0.75% | 0.85% | 0.94% | 1.29% | 2.22% | 0.80% | 0.67% | 1.24% | - | 0.67% |
Trimble's average Quarter net income forecast for Mar 24 is $118.53M, with a range of $94.83M to $142.24M. TRMB's average Quarter net income forecast represents a 88.15% increase compared to the company's last Quarter net income of $63.00M (Dec 23).
Trimble SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 5 | 7 | 11 | 5 | 10 | 6 | 4 | 4 | 8 | 6 | 5 | 5 | 8 | 5 | 4 | 6 | 4 | 5 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $264.40M | $263.40M | $296.60M | $246.10M | $249.90M | $246.70M | $245.80M | $233.40M | $232.60M | $210.70M | $224.80M | $207.80M | $219.00M | $191.00M | $172.40M | $204.70M | - | $196.90M |
| Avg Forecast | $254.95M | $250.16M | $251.26M | $251.63M | $243.55M | $236.98M | $237.21M | $236.10M | $242.05M | $221.72M | $221.89M | $215.12M | $234.14M | $248.69M | $250.99M | $195.56M | $225.30M | $216.56M | $238.98M | $177.78M | $230.15M | $226.97M | $223.31M | $161.62M | $202.13M | $185.21M | $180.56M | $164.76M | $201.86M | $208.25M |
| High Forecast | $257.51M | $252.68M | $253.79M | $254.17M | $246.01M | $239.37M | $239.60M | $238.47M | $244.48M | $223.40M | $224.12M | $258.14M | $235.79M | $252.36M | $253.52M | $234.68M | $227.57M | $259.87M | $241.09M | $213.34M | $232.18M | $228.97M | $225.28M | $193.95M | $203.91M | $186.84M | $182.15M | $197.71M | $203.64M | $210.08M |
| Low Forecast | $252.32M | $247.58M | $248.67M | $249.04M | $241.04M | $234.54M | $234.77M | $233.66M | $239.55M | $220.77M | $219.60M | $172.10M | $232.39M | $245.08M | $248.41M | $156.45M | $222.98M | $173.25M | $237.24M | $142.23M | $228.47M | $225.32M | $221.69M | $129.30M | $200.66M | $183.86M | $179.24M | $131.81M | $200.39M | $206.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 1.06% | 1.18% | 1.26% | 1.11% | 1.14% | 1.03% | 1.31% | 1.01% | 0.93% | 1.01% | 1.29% | 1.08% | 1.03% | 0.95% | 1.24% | - | 0.95% |
Trimble's average Quarter SG&A projection for Mar 24 is $215.12M, based on 5 Wall Street analysts, with a range of $172.10M to $258.14M. The forecast indicates a -18.64% fall compared to TRMB last annual SG&A of $264.40M (Dec 23).
Trimble EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 8 | 6 | 5 | 7 | 11 | 5 | 10 | 6 | 4 | 4 | 8 | 6 | 5 | 5 | 8 | 5 | 4 | 6 | 4 | 5 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.25 | $0.30 | $0.18 | $0.52 | $0.35 | $0.35 | $0.67 | $0.44 | $0.46 | $0.49 | $0.55 | $0.46 | $1.12 | $0.34 | $0.25 | $0.25 | - | $0.31 |
| Avg Forecast | - | - | - | - | $0.84 | $0.71 | $0.69 | $0.73 | $0.87 | $0.61 | $0.58 | $0.62 | $0.60 | $0.60 | $0.59 | $0.67 | $0.61 | $0.66 | $0.62 | $0.68 | $0.63 | $0.59 | $0.60 | $0.55 | $0.51 | $0.43 | $0.38 | $0.41 | $0.47 | $0.47 |
| High Forecast | - | - | - | - | $0.86 | $0.72 | $0.69 | $0.74 | $0.88 | $0.63 | $0.59 | $0.63 | $0.62 | $0.65 | $0.60 | $0.68 | $0.62 | $0.67 | $0.63 | $0.68 | $0.63 | $0.60 | $0.61 | $0.55 | $0.52 | $0.43 | $0.38 | $0.41 | $0.48 | $0.48 |
| Low Forecast | - | - | - | - | $0.83 | $0.70 | $0.68 | $0.72 | $0.86 | $0.61 | $0.57 | $0.61 | $0.57 | $0.58 | $0.58 | $0.66 | $0.60 | $0.65 | $0.62 | $0.67 | $0.62 | $0.59 | $0.60 | $0.54 | $0.51 | $0.42 | $0.38 | $0.40 | $0.47 | $0.47 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.42% | 0.50% | 0.30% | 0.78% | 0.57% | 0.53% | 1.08% | 0.65% | 0.74% | 0.82% | 0.91% | 0.84% | 2.20% | 0.79% | 0.66% | 0.61% | - | 0.65% |
According to 5 Wall Street analysts, Trimble's projected average Quarter EPS for Mar 24 is $0.62, with a low estimate of $0.61 and a high estimate of $0.63. This represents a 148.00% increase compared to TRMB previous annual EPS of $0.25 (Dec 23).
Trimble Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ST | Sensata Technologies | $35.19 | $52.36 | 48.79% | Buy |
| MKSI | MKS Instruments | $104.43 | $145.40 | 39.23% | Buy |
| TRMB | Trimble | $54.15 | $67.67 | 24.97% | Buy |
| FTV | Fortive | $70.67 | $86.38 | 22.23% | Buy |
| TDY | Teledyne | $421.77 | $485.25 | 15.05% | Buy |
| COHR | Coherent | $68.54 | $73.73 | 7.57% | Buy |
| ESE | ESCO | $114.87 | $120.00 | 4.47% | Buy |
| NOVT | Novanta | $168.40 | $175.00 | 3.92% | Buy |
| VNT | Vontier | $32.55 | $32.67 | 0.37% | Buy |
| BMI | Badger Meter | $190.61 | $190.25 | -0.19% | Hold |
TRMB Forecast FAQ
Is Trimble a good buy?
Yes, according to 7 Wall Street analysts, Trimble (TRMB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 57.14% of TRMB's total ratings.
What is TRMB's price target?
Trimble (TRMB) average price target is $67.67 with a range of $65 to $73, implying a 25.04% from its last price of $54.12. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Trimble stock go up soon?
According to Wall Street analysts' prediction for TRMB stock, the company can go up by 25.04% (from the last price of $54.12 to the average price target of $67.67), up by 34.89% based on the highest stock price target, and up by 20.10% based on the lowest stock price target.
Can Trimble stock reach $80?
TRMB's average twelve months analyst stock price target of $67.67 does not support the claim that Trimble can reach $80 in the near future.
What are Trimble's analysts' financial forecasts?
Trimble's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.71B (high $3.75B, low $3.67B), average EBITDA is $777.73M (high $785.56M, low $769.72M), average net income is $731.4M (high $740.97M, low $721.6M), average SG&A $953.85M (high $963.45M, low $944.02M), and average EPS is $2.97 (high $3.01, low $2.93). TRMB's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.92B (high $3.96B, low $3.88B), average EBITDA is $821.88M (high $830.15M, low $813.41M), average net income is $0 (high $0, low $0), average SG&A $1.01B (high $1.02B, low $997.61M), and average EPS is $0 (high $0, low $0).
Did the TRMB's actual financial results beat the analysts' financial forecasts?
Based on Trimble's last annual report (Dec 2023), the company's revenue was $3.8B, beating the average analysts forecast of $3.78B by 0.44%. Apple's EBITDA was $745M, missing the average prediction of $786.83M by -5.32%. The company's net income was $311.3M, missing the average estimation of $548.94M by -43.29%. Apple's SG&A was $1.07B, beating the average forecast of $929.38M by 15.18%. Lastly, the company's EPS was $1.25, missing the average prediction of $2.46 by -49.13%. In terms of the last quarterly report (Dec 2023), Trimble's revenue was $932.4M, beating the average analysts' forecast of $910.11M by 2.45%. The company's EBITDA was $184.1M, missing the average prediction of $190.91M by -3.57%. Trimble's net income was $63M, missing the average estimation of $146.92M by -57.12%. The company's SG&A was $264.4M, beating the average forecast of $234.14M by 12.93%. Lastly, the company's EPS was $0.25, missing the average prediction of $0.596 by -58.07%