KeyBanc Upgrades Trimble Navigation (TRMB) to Overweight

KeyBanc analyst Jason Celino upgraded Trimble Navigation (NASDAQ: TRMB) from Sector Weight to Overweight with a price target of $99.00.

The analyst comments: "We are upgrading TRMB to Overweight on our renewed confidence in the Company's low-teens ARR and DD EPS growth framework, which is supportive of multiple expanding higher to at least parity with broader industrial SW peers at 30x. Coupled with potential end market recovery, which could drive further upside, we believe Trimble is positioned to be the earliest and biggest beneficiary among our industrial SW coverage. As a result, we are modestly raising our 2026 estimates and establishing a $99 price target based on 30x our 2026 EV/FCF."

For an analyst ratings summary and ratings history on Trimble Navigation click here. For more ratings news on Trimble Navigation click here.

Shares of Trimble Navigation closed at $80.17 yesterday.

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