TriNet Group (TNET) PT Raised to $104 at TD Cowen

TD Cowen analyst Jared Levine raised the price target on TriNet Group (NYSE: TNET) to $104.00 (from $92.00) while maintaining a Buy rating.

The analyst commented, "We believe shares are set up to outperform in 2025 driven by improving investor sentiment & investors rolling forward valuation years. We believe better investor sentiment in 2025 is supported by improving fundamentals, including a mid-teens total return model (based on a 14% FY24-26E adj EPS CAGR + 1% div yield), and enhanced risk management of its insurance book yielding multiple expansion."

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