Trimble Stock Outlook: Is Wall Street Bullish or Bearish?

With a market cap of $19.7 billion, Trimble Inc. (TRMB) is a global technology company that provides advanced positioning, surveying, construction, and transportation management solutions. Leveraging GPS, GNSS, optical, laser, and wireless communications technologies, Trimble serves industries such as architecture, engineering, construction, logistics, and asset management worldwide.

Shares of the Westminster, Colorado-based company have outperformed the broader market over the past 52 weeks. TRMB stock has surged 62.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.1%. Moreover, shares of Trimble are up 18.5% on a YTD basis, compared to SPX's 8.6% rise.