Trimble (NASDAQ:TRMB) Price Target Cut to $73.00 by Analysts at JPMorgan Chase & Co.

Trimble (NASDAQ:TRMB) had its price objective reduced by JPMorgan Chase & Co. from $75.00 to $73.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company lowered their price target on shares of Trimble from $61.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday. Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Oppenheimer cut their price objective on Trimble from $80.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday. Sanford C. Bernstein reduced their target price on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Finally, Loop Capital initiated coverage on Trimble in a report on Monday, October 26th. They set a “buy” rating and a $76.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.44.

Trimble Price Performance

Trimble stock opened at $53.64 on Thursday. The firm has a market capitalization of $12.51 billion, a PE ratio of -76.63, a P/E/G ratio of 1.75 and a beta of 1.32. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The firm’s 50-day simple moving average is $59.82 and its 200 day simple moving average is $60.58. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 0.29.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $966.80 million during the quarter, compared to the consensus estimate of $966.41 million. Trimble had a negative net margin of 4.08% and a positive return on equity of 12.73%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. On average, equities research analysts predict that Trimble will post 3.10 EPS for the current fiscal year.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 2,476 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $65.00, for a total transaction of $160,940.00. Following the sale, the director directly owned 14,950 shares of the company’s stock, valued at $971,750. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Trimble

A number of institutional investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Trimble during the third quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new stake in Trimble in the 2nd quarter worth about $25,000. Vega Investment Solutions purchased a new stake in Trimble in the 2nd quarter valued at about $29,000. Heritage Family Offices LLP purchased a new stake in Trimble in the 3rd quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Trimble by 32.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Key Stories Impacting Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Third-quarter revenue rose 7.3% year over year to about $967 million, slightly above estimates, while adjusted EPS of $0.86 matched consensus. Annualized recurring revenue reached a record $2.56 billion. Trimble Announces Third Quarter 2026 Results and Updates Full Year Guidance
• Neutral Sentiment: JPMorgan kept an “overweight” rating but lowered its price target to $73 from $75. Wells Fargo also maintained “overweight,” trimming its target to $60 from $61. The continued bullish ratings offer some support, though both firms reduced their expectations. JPMorgan analyst recommendations Wells Fargo analyst recommendations
• Negative Sentiment: Investors appear concerned that slower recurring growth is weighing on Trimble’s 2026 outlook, with European freight-market weakness adding pressure. The stock’s sharp post-earnings selloff reflects that cautious outlook, even though quarterly results were broadly in line with estimates. Trimble cuts growth outlook as European freight market slows
• Negative Sentiment: Other analysts also cut targets: Baird lowered its target to $67 from $70, and Loop Capital reduced its target to $70 from $76, reinforcing near-term caution. Baird adjusts Trimble price target Loop Capital adjusts Trimble price target

Trimble Company Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.