TD Cowen raised the firm’s price target on TriNet (TNET) to $104 from $92 and keeps a Buy rating on the shares. The firm also named TriNet a Best Idea for 2025. TD believes the shares are set up to outperform in 2025 driven by improving investor sentiment and investors rolling forward valuation years. Better investor sentiment in 2025 is supported by improving fundamentals, including a mid-teens total return model, and enhanced risk management of TriNets insurance book yielding multiple expansion, the analyst tells investors in a research note.
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Read More on TNET:
- TriNet price target lowered to $92 from $110 at TD Cowen
- Needham downgrades TriNet to Hold on ‘sizable headwinds’
- TriNet downgraded to Hold from Buy at Needham
- TriNet falls -17.8%
- TriNet falls -17.2%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
