Needham Maintains TriNet Group (TNET) Buy Recommendation
Nasdaq Fintel reports that on September 11, 2023, Needham maintained coverage of TriNet Group (NYSE:TNET) with a Buy recommendation.
Analyst Price Forecast Suggests 1.61% Downside
As of August 31, 2023, the average one-year price target for TriNet Group is 111.18. The forecasts range from a low of 87.87 to a high of $131.25. The average price target represents a decrease of 1.61% from its latest reported closing price of 113.00.
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The projected annual revenue for TriNet Group is 5,359MM, an increase of 8.88%. The projected annual non-GAAP EPS is 5.33.
What is the Fund Sentiment?
There are 535 funds or institutions reporting positions in TriNet Group. This is an increase of 9 owner(s) or 1.71% in the last quarter. Average portfolio weight of all funds dedicated to TNET is 0.31%, an increase of 11.14%. Total shares owned by institutions increased in the last three months by 0.98% to 61,313K shares. The put/call ratio of TNET is 0.45, indicating a bullish outlook.