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Trimble gains after KeyBanc lifts rating to 'overweight'

ReutersDec 16, 2025 12:46 PM

Navigation equipment maker Trimble's TRMB.O shares rise 1.3% to $81.19 premarket

KeyBanc upgrades stock's rating to "overweight" from "sector weight"

Brokerage believes momentum in TRMB's annualized recurring revenue is sustainable as co's construction software portfolio has "ample runway to drive cross-sell and capture new logos"

Average rating of 15 analysts is "buy"; median PT is $99 - data compiled by LSEG

As of last close, stock up 13.5% this year

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