Trimble price target raised to $85 from $80 at Raymond James

Raymond James raised the firm’s price target on Trimble (TRMB) to $85 from $80 and keeps an Outperform rating on the shares. Trimble posted strong Q4 results, capping off a “solid” year, and forecast better-than-expected 2025 guidance, the analyst tells investors in a research note. Raymond James expects the benefits of cross-selling opportunities, a much leaner cost structure over time, a streamlined business, and continued proof points that the new portfolio is poised for out growth to fuel stock appreciation.