Update shared on 11 Nov 2025
Fair value Decreased 0.63%Analysts have modestly trimmed their average price target for Robert Half, now reducing fair value by $0.22 to $35.11. This adjustment is attributed to management’s conservative outlook and mixed revenue trends following recent earnings reports.
Analyst Commentary
Following Robert Half’s recent earnings release and management’s cautious outlook, analysts have provided updated perspectives on the company’s prospects and valuation. Their commentary reflects both optimism and caution regarding the near-term and longer-term performance of Robert Half.
Bullish Takeaways- Bullish analysts note that management is taking a prudent approach to capital allocation by prioritizing financial stability over aggressive share buybacks. This strategy should help preserve balance sheet strength.
- There is encouragement around sequential growth in weekly contract talent revenues observed in September and October. This signals some positive momentum in core business segments.
- Some analysts maintain a positive long-term outlook with higher price targets, based on the view that stabilized demand in IT staffing could provide a foundation for future recovery even if a material rebound is not yet evident.
- Bearish analysts express disappointment with the updated guidance, which they view as conservative and reflective of persistent uncertainties in revenue trends.
- Recent quarterly results featured a decline in Protiviti revenues year-over-year for the first time since Q2 2024. This has contributed to margin pressure and raised concerns about execution risks in non-core segments.
- Lowered price targets reflect ongoing questions around the company’s ability to accelerate growth and navigate a mixed demand environment in the near term.
- There is skepticism about the potential for a rapid turnaround, with no clear evidence pointing to a material recovery in staffing demand across the business.
What's in the News
- Robert Half Inc. issued new earnings guidance for the fourth quarter of 2025, expecting revenues between $1.245 billion and $1.345 billion, and income per share in the range of $0.25 to $0.35 (Company Guidance).
Valuation Changes
- Consensus Analyst Price Target (Fair Value): Declined slightly from $35.33 to $35.11.
- Discount Rate: Increased moderately from 7.12% to 7.31%.
- Revenue Growth: Increased marginally from 2.16% to 2.17%.
- Net Profit Margin: Remained essentially stable, moving from 5.03% to 5.03%.
- Future P/E: Decreased slightly from 14.09x to 14.07x.
Disclaimer
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