Is Trimble Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 4 Wall Street analysts covering (NASDAQ: TRMB) stock is to Buy TRMB stock.
Out of 4 analysts, 1 (25%) are recommending TRMB as a Strong Buy, 1 (25%) are recommending TRMB as a Buy, 2 (50%) are recommending TRMB as a Hold, 0 (0%) are recommending TRMB as a Sell, and 0 (0%) are recommending TRMB as a Strong Sell.
What is TRMB's forecast return on equity (ROE) for 2023-2024?
(NASDAQ: TRMB) forecast ROE is 17.08%, which is considered weak.
What is TRMB's Price Target?
According to 4 Wall Street analysts that have issued a 1 year TRMB price target, the average TRMB price target is $58.75, with the highest TRMB stock price forecast at $66.00 and the lowest TRMB stock price forecast at $51.00.
On average, Wall Street analysts predict that Trimble's share price could reach $58.75 by Sep 20, 2024. The average Trimble stock price prediction forecasts a potential upside of 12.4% from the current TRMB share price of $52.27.
What is TRMB's forecast return on assets (ROA) for 2023-2024?
(NASDAQ: TRMB) forecast ROA is 7.74%, which is lower than the forecast US Scientific & Technical Instruments industry average of 10.41%.
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