Trimble (TRMB) Stock

Dublin, Jan. 30, 2025 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com has included the "Geospatial Imagery Analytics - Global Strategic Business Report" in its offerings. The global market for Geospatial Imagery Analytics is valued at approximately US$15.4 Billion in 2023 and is expected to grow to US$102.7 Billion by 2030, with a compound annual growth rate (CAGR) of 31.1% during this period. This detailed report offers valuable insights into market trends, drivers, and forecasts to assist in making informed business choices.

TrimbleⓇ (Nasdaq: TRMB) has announced an extension of its partnership with Qualcomm Technologies, Inc. to provide accurate positioning solutions for various automated vehicles, including cars and large trucks. This collaboration aims to improve safety and performance for Advanced Driver Assistance Systems (ADAS) and Cellular Vehicle-to-Everything (C-V2X) applications. The focus is on achieving high-level accuracy in these technologies.

This year has been great for stocks, especially in the construction and infrastructure area. Companies that incorporate new technologies to enhance their services have done particularly well. Trimble, Johnson Controls, and Emerson Electric are positioned to excel in the market again in 2025.

An integrated approach offers easier management and better support for comprehensive slope stability monitoring solutions. Trimble and GroundProbe, which is part of Orica Digital Solutions, have announced a new partnership to provide real-time solutions for measuring and monitoring geohazards. This collaboration was announced on December 16, 2024, in Westminster, Colorado, and Brisbane, Australia.

Digitization, managing costs, and expanding markets are key focuses for the transportation industry in Europe and North America. On December 12, 2024, Trimble® (Nasdaq: TRMB) released the annual Transportation Pulse Report by Transporeon, a Trimble Company, highlighting important trends that will influence the transportation and logistics sector in 2025.

Competition encourages new ideas in AI and technology to address shared challenges and advance the architecture, engineering, and construction (AEC) sector. On December 11, 2024, Trimble® (Nasdaq: TRMB) revealed the winners of the SketchUp® 0-60 Challenge, a program designed by Trimble SketchUp and Trimble Ventures to promote innovation and find the next major concept that will change the way architects, designers, and project managers operate.

Trimble's move towards software-focused models and impressive annual recurring revenue (ARR) growth justifies a 'Buy' recommendation, with a target price of $86 per share for the next year. By selling off non-essential businesses, such as a $2 billion joint venture with AGCO, Trimble can concentrate on high-growth sectors and create more value. The company expects an 8% increase in organic revenue and an ARR growth of 11%-13% in FY24, thanks to strong results in Buildings and Infrastructure, Geospatial, and other areas.

Performance Food Group has chosen Trimble as its main fleet management provider, moving all of its fleet operations to Trimble Instinct. This decision has resulted in the number of trucks using Trimble's in-cab technology increasing from 4,000 to over 8,000. Trimble is now responsible for managing the entire fleet of one of North America's largest food distribution companies.

This popular technology stock has risen almost 40% since August, and its growth is only beginning.