Wells Fargo keeps USD 61 target for Trimble stock

Published on 10/18/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo keeps a USD 61.00 target in an October 2026 note. Trimble stock posted USD 972.0 million in second-quarter revenue.

Analyst target and quarterly scale

Wells Fargo maintained a Buy rating and a USD 61.00 target in October 2026.
Second-quarter 2026 revenue reached USD 972.0 million, up from USD 875.7 million a year earlier.
Trimble's market capitalization stood at USD 13.9 billion as of October 16, 2026.

Vermesser mit GNSS-Empfänger auf Baustelle bei Sonnenuntergang, Kräne im Hintergrund — Trimble Inc. (US8962391058) zeigt Vermessungstechnik: Feldingenieur nutzt GNSS-Empfänger auf Baustelle bei Sonnenuntergang, Illustration mit AI erstellt.

Trimble Inc. (ISIN US8962391004) has a USD 61.00 price target after Wells Fargo maintained its Buy rating in an analyst report carried by The Globe and Mail on October 10, 2026. The report said Jerry Revich set the target at USD 61.00.

The quarterly backdrop is substantial. Trimble reported USD 972.0 million in revenue for the second quarter of 2026, compared with USD 875.7 million in the same quarter a year earlier, while the company posted a GAAP net loss of USD 471.7 million versus net profit of USD 89.2 million, according to The Globe and Mail.

Three dated signals for Trimble

On October 2, 2026, Trimble entered an unsecured delayed-draw term loan facility of USD 500.0 million, according to the company's Form 8-K filed with the SEC. On October 8, 2026, JPMorgan cut its target from USD 76.00 to USD 75.00 while retaining an Overweight rating, as reported by Markets Insider. Wells Fargo's USD 61.00 target followed in October and gives investors a lower reference point than JPMorgan's view.

What does the target mean?

The spread between the two targets highlights a divided valuation picture. Wells Fargo's target is USD 14.00 below JPMorgan's, while Trimble's second-quarter revenue was USD 96.3 million above the year-earlier figure. The loss comparison adds a clear counter-factor to the revenue growth story.

Dates that frame the next report

Trimble's next earnings announcement is scheduled for November 4, 2026, before the market opens, and its conference call is set for November 2, 2026, at 12:30 p.m. ET, according to MarketBeat. The page lists consensus expectations of USD 966.35 million in revenue and USD 0.8620 in earnings per share for the third quarter of 2026.

Nasdaq valuation stays central

Trimble's Nasdaq closing price was USD 59.46 on October 16, 2026, at 4:00 p.m. ET. Its market capitalization stood at USD 13.9 billion, with a 52-week range of USD 47.92 to USD 84.42.

The further course of trading is shown by the continuously updated real-time quote of Trimble stock.