We recently published Millionaire Makers: 10 Stocks That Paid Off Big Last Week. Robert Half Inc. (NYSE:RHI) was one of the top performers last week.
Robert Half jumped by 21.14 percent week-on-week, as investors loaded portfolios following an analyst’s price target upgrade for its stock.
In its market report, Truist raised its price target for Robert Half Inc. (NYSE:RHI) by 14 percent to $40 from $35 previously, while maintaining its “buy” recommendation, suggesting confidence for the company despite it reporting a dismal earnings performance last year.
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During the period, Robert Half Inc. (NYSE:RHI) said net income dwindled by 47 percent to $132.99 million from $251.6 million in 2024, while service revenues declined by 7 percent to $5.38 billion from $5.79 billion year-on-year.
In the fourth quarter alone, net profit dropped by 42 percent to $31.7 million from $54.29 million in the same period a year earlier, while service revenues dipped by 5.8 percent to $1.3 billion from $1.38 billion.
Despite a higher price target, Truist lowered its EPS expectations for the listed firm to $1.40 from $1.71 previously due to expectations of higher selling, general, and administrative (SG&A) costs for this year and the next. It also cut its EPS estimate for 2027 to $2.50 from $2.88 prior.
Robert Half Inc. (NYSE:RHI) is a global talent solutions company providing staffing recruitment, and consulting across a wide range of services, including finance, accounting, technology, legal, marketing, and administration.
While we acknowledge the potential of RHI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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