- Needham analyst Kyle Peterson initiated coverage on TriNet Group Inc (NYSE:TNET) at a Buy rating and a price target of $115.
- The analyst is bullish on TNET’s leading competitive positioning in the SMB market and believes solid core PEO offerings and boosting HR services suite positions it well for long-term growth.
- Peterson believes TNET has an attractive growth algorithm, with new product launches and higher pricing to drive high-single-digit organic growth.
- The analyst sees the company’s guidance related to insurance cost normalization and future buyback activity as conservative and projects an upside of $1.00+ to its FY24 EPS estimate if it maintains its Q1 2023 share buyback pace.
- Peterson projects revenues of $4.95 billion and EPS of $6.17 for 2023 and $5.54 billion and $6.25, respectively, for 2024.
- Price Action: TNET shares are higher by 2.61% at $91.13 on the last check Friday.
Treasure Global Inc Announces Major Shareholder Lock-Up Agreement, Collectively Holding 9,983,416 Shares, Which Accounts For 36.40% Of The Company’s Outstanding Shares
Treasure Global Inc (NASDAQ:TGL) ("TGL" or the "Company"), a leading innovative technology solutions provider, announced today the execution of a Lock-up Agreement with major shareholders, collectively holding 9,983,416
