Robert Half (RHI) Climbs 21% W/W on Analyst PT Hike

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.

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Disclosure: None. This article is originally published at Insider Monkey.