TNET - Trinet's Tender Offering Creates A Path For Share Buyback & Dividend Boost: Analyst | Benzinga
Needham analyst Kyle Peterson raised the price target of Trinet Group Inc. (NYSE: TNET) to $135 from $120 and maintained a Buy rating.
The analyst hosted an investor meeting focused on several topics, with macro (exposure to SMB hiring) and capital return initiatives being major.
The analyst expects TNET's CIE to remain muted for the next few quarters on SMBs, remaining cautious on incremental hiring.
Nevertheless, Peterson believes good execution from the sales force will boost strong growth.
Peterson notes ...