Are Wall Street Analysts Bullish on Trimble Stock?

Westminster, Colorado-based Trimble Inc. (TRMB) offers technology solutions and platforms that connect workflows and industry lifecycles for office professionals and field workers in North America and internationally. The company has a market cap of $12.8 billion and provides architecture and interior design, building information modeling, engineering, virtual design and construction, and construction and owner software products. 

The company’s shares have lagged behind the broader market over the past year and declined 32.1% compared to the S&P 500 Index’s ($SPX) 10.8% gain. Moreover, in 2026, the stock has fallen 28.7%, underperforming the SPX’s 10.9% rise.      

Zooming in further, the State Street Technology Select Sector SPDR ETF (XLK) has risen 18.2% over the past year, outpacing the stock. In 2026, XLK surged 20.7% and outperformed the stock.  

On Nov. 4, TRMB stock declined 17.3% following the release of its Q3 2026 earnings. The company’s revenue for the quarter rose 7.3% to $966.8 million, exceeding the Street’s estimates. Moreover, its adjusted EPS amounted to $0.86, topping the consensus estimates. Despite the earnings and revenue beat, the company’s revenue guidance for Q4 2026 came in at the midpoint at $1.1 billion, below analyst estimates, and in turn drove investor confidence lower. 

For the current year, ending in December, analysts expect TRMB’s EPS to rise 18.6% to $3.12 on a diluted basis. The company has surpassed the consensus estimate in three of the last four quarters, while missing on one occasion.  

Among the 13 analysts covering TRMB stock, the consensus is a “Strong Buy.” That’s based on 11 “Strong Buy” ratings and two “Holds.”   

The configuration has grown bullish over the past month, with the stock now having 11 “Strong Buy” ratings, compared to 10 a month ago.

On Oct. 8, J.P. Morgan analyst Tami Zakaria maintained a “Buy” rating for TRMB stock and lowered its price target from $76 to $75. 

TRMB’s mean price target of $72.18 indicates a 29.3% premium over the current market price. Its Street-high target of $93 implies a robust 66.6% upside from current levels. 

On the date of publication, Aritra Gangopadhyay did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.