Baird Lowers its Price Target on Trimble Inc. (TRMB) to $90 but Maintains an Outperform Rating

SelfRugger · 2026-02-23T01:14:30+00:00

Baird reduced its price target for Trimble Inc. (TRMB) to $90 while maintaining an Outperform rating, citing solid fourth-quarter results and good 2026 guidance. JPMorgan also lowered its target to $88. Trimble reported strong revenues and growth prospects.

SelfRugger

2026-02-23 01:14:30

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Baird Lowers its Price Target on Trimble Inc. (TRMB) to $90 but Maintains an Outperform Rating

Jeff Lewis

Sun, February 22, 2026 at 12:38 AM GMT+9 2 min read

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Trimble Inc. (NASDAQ:TRMB) is among the 10 Best Consensus Buy-Rated Stocks to Invest in. On February 11, 2026, Baird lowered its price target on Trimble Inc. (NASDAQ:TRMB) to $90 from $95 but still maintained an Outperform rating, updating its model after results that the firm said showed continued solid execution and initial 2026 guidance that came in firm. That same day, JPMorgan also reduced its price target on Trimble Inc. (NASDAQ:TRMB) to $88 from $98 previously while keeping an Overweight rating.

Trimble Inc. (NASDAQ:TRMB) reported fourth-quarter revenue of $969.8 million on February 10, 2026, above the $950.17 million consensus estimate. CEO Rob Painter said the company “surpassed expectations on both top and bottom lines,” closing 2025 with record annualized recurring revenue of $2.39 billion and record fourth-quarter revenue of $970 million. Management also highlighted record gross and operating margin levels and said the company is positioned to continue executing on its Connect & Scale strategy in 2026.

Baird Lowers its Price Target on Trimble Inc. (TRMB) to $90 but Maintains an Outperform Rating

Trimble Inc. (NASDAQ:TRMB) sees fiscal 2026 revenue in a range of $3.81 billion to $3.91 billion, compared with the $3.84 billion consensus estimate.

Trimble Inc. (NASDAQ:TRMB) provides technology solutions that help professionals and field workers enhance and transform their work processes, including software for architecture, engineering, construction, and related industries.

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READ NEXT: 10 Most Profitable Undervalued Stocks to Buy and 11 Best Mining Stocks to Buy According to Wall Street.

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