We recently published Ten big names that end January with explosive profits. Robert Half Inc. (NYSE:RHI) was one of the top performers on Friday.
Robert Half extended its winning streak to a second day on Friday, rising 27.83 percent to close at $34.61 apiece, as investors took heart from an investment firm’s 14 percent price target upgrade for its shares.
In its market report, Truist raised its price target for Robert Half Inc. (NYSE:RHI) to $40 from $35 previously, while maintaining its “buy” rating, suggesting confidence despite the latter reporting a dismal earnings performance last year.
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In an earnings conference call, Robert Half Inc. (NYSE:RHI) said net revenue last year declined 47 percent to $132.99 million from $251.6 million in 2024, while service revenue declined 7 percent to $5.38 billion from $5.79 billion year over year.
In the fourth quarter alone, net profit fell 42 percent to $31.7 million from $54.29 million in the same period a year earlier, while service revenue fell 5.8 percent to $1.3 billion from $1.38 billion.
Robert Half Inc. (NYSE:RHI) is a global talent solutions company that provides staffing and consulting across a broad range of services including finance, accounting, technology, legal, marketing and management.
While we recognize the potential of RHI as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.