JPMorgan cuts target to USD 75 for Trimble stock

Published on 10/15/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan keeps an overweight rating after cutting its target from USD 76 to USD 75. Trimble stock posted USD 972.0 million in second-quarter revenue.

Analyst change and operating context

JPMorgan cut its Trimble target from USD 76 to USD 75 on October 8, 2026.
Second-quarter revenue reached USD 972.0 million, up 11.0 percent year over year.
Trimble stock traded at EUR 52.71 at 1:00 p.m. CEST on October 15, 2026 at Lang & Schwarz.
Trimble's next earnings date is November 4, 2026.

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Trimble Inc. (ISIN US8962391004) faces a lower JPMorgan price target of USD 75, down from USD 76, while the bank kept its overweight rating in a note dated October 8, 2026, according to MarketBeat. The target change leaves the analyst view constructive but more cautious.

Target cut meets stronger revenue

The latest reported quarter provided a counterweight to the target reduction. Trimble generated USD 972.0 million in second-quarter 2026 revenue, an increase of 11.0 percent from the same quarter a year earlier, and adjusted earnings per share reached USD 0.86 versus a USD 0.80 consensus estimate, according to MarketBeat. Revenue also exceeded the cited USD 952.09 million consensus forecast by USD 19.91 million.

That combination matters because the operating trend and the accounting result pointed in different directions. Trimble reported a net loss of USD 471.7 million in the second quarter, while operating profit was USD 132.0 million for the period. The loss included a goodwill charge of USD 562.0 million, according to DK Street Journal.

What does the target change mean?

The revised target is best read alongside the company's forward operating priorities. MarketBeat reported that Trimble set third-quarter 2026 adjusted earnings-per-share guidance at USD 0.83 to USD 0.88 and full-year guidance at USD 3.60 to USD 3.70. The same report listed a consensus target of USD 80.00 from eleven analysts, putting JPMorgan's new target USD 5.00 below that aggregate figure.

Three dated steps for Trimble

Trimble established a USD 500.0 million delayed-draw credit facility on October 2, 2026, as reported in the company news listings on MarketWatch. It reported second-quarter revenue of USD 972.0 million on August 12, 2026, according to MarketBeat. JPMorgan then cut its target from USD 76 to USD 75 on October 8, 2026, while retaining its overweight rating.

Next reporting date

Trimble's next earnings date is November 4, 2026, according to Yahoo Finance. The scheduled release will test whether the second-quarter revenue growth rate and the stated earnings outlook remain intact.

Stock quote in euros

Trimble stock was trading at EUR 52.71 at Lang & Schwarz on October 15, 2026 at 1:00 p.m. CEST. The company had a market capitalization of USD 13.8 billion as of October 14, 2026, while its 52-week range was USD 47.92 to USD 84.42. Its primary listing is on Nasdaq under ticker TRMB, according to MarketWatch. The further course of trading is shown by the continuously updated real-time quote of Trimble stock.