Stifel Maintains Buy Rating for Trinet Group: Here's What You Need To Know

Stifel has decided to maintain its Buy rating of Trinet Group TNET and raise its price target from $117.00 to $121.00.

Shares of Trinet Group are trading down 2.63% over the last 24 hours, at $114.25 per share.

A move to $121.00 would account for a 5.91% increase from the current share price.

About Trinet Group

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.