TriNet Group

TNET · NYSE

$70.83+$1.74 (+2.52%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $69.09

TNET analyst rating

HoldConsensus of 6 analysts over the last 12 months. 17% rate it a buy.

Strong buy0
Buy1
Hold3
Underperform2
Sell0

12-month price target · 7 analysts

Average $71.65 (+1.2% upside)

Low: $62.62
Now: $70.83
High: $86.10

Upgrades and downgrades

The latest rating actions, newest first

TNET analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Jul 31, 2026	Maintains	Underweight	$45.00 → $50.00	0%
Truist Securities	Jul 22, 2026	Maintains	Hold	$50.00 → $62.00	61%
TD Cowen	Jun 26, 2026	Maintains	Hold	$46.00 → $49.00	67%
UBS	May 5, 2026	Maintains	Neutral	$62.00 → $48.00	45%
TD Cowen	May 1, 2026	Maintains	Hold	$40.00 → $46.00	67%
JP Morgan	May 1, 2026	Maintains	Underweight	$43.00 → $45.00	0%
Stifel	Feb 13, 2026	Maintains	Buy	$97.00 → $75.00	55%
TD Cowen	Jan 8, 2026	Maintains	Hold	$65.00 → $64.00	67%
Truist Securities	Dec 5, 2025	Initiates	Hold	$62.00	61%
JP Morgan	Oct 30, 2025	Maintains	Underweight	$75.00 → $65.00	55%

The case for and against

Updated Aug 7, 2025

Bull case

Trinet Group Inc. reported a revenue of $1.28 billion, reflecting a 1.3% year-over-year increase, surpassing both its internal estimates and market consensus, primarily driven by strong PEO revenues. The company's improved net hiring within its client base is contributing positively to its cash income earnings (CIE), leading to high-margin results and suggesting that revenue growth could accelerate towards their mid-term target range of 4-6%. Furthermore, Trinet's position as a leading provider of PEO and HR solutions for small and midsize businesses, combined with reduced insurance costs and robust PEO sales, indicates a favorable outlook for operational enhancements and potential shareholder returns through dividends and buybacks in the coming fiscal years.

Bear case

Trinet Group Inc reported net revenue of $237 million for the period, representing a significant decrease of 27.3% year-over-year, despite exceeding estimates, largely due to lower insurance costs. The company's operational challenges, including insurance cost headwinds and complications from the Zenefits wind-down and Clarus divestiture, are expected to add volatility to financial results and keep share performance constrained in the near term. With a muted fiscal year 2025 earnings per share guidance and anticipated slower buybacks, Trinet's growth potential appears hindered by a tough operating environment characterized by elevated claims costs and declining client hiring.

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