TriNet Group (TNET) PT Raised to $104 at TD Cowen

November 20, 2024 7:50 AM UTC
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Price: $39.01 +2.93%

Rating Summary:
    3 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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TD Cowen analyst Jared Levine raised the price target on TriNet Group (NYSE: TNET) to $104.00 (from $92.00) while maintaining a Buy rating.

The analyst commented, "We believe shares are set up to outperform in 2025 driven by improving investor sentiment & investors rolling forward valuation years. We believe better investor sentiment in 2025 is supported by improving fundamentals, including a mid-teens total return model (based on a 14% FY24-26E adj EPS CAGR + 1% div yield), and enhanced risk management of its insurance book yielding multiple expansion."



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