Robert Half (RHI) Climbs 28% as Analyst Hikes Price Target, Reaffirms 'Buy'

We recently published 10 Big Names Ending January With Explosive Gains.  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, jumping 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 stock.

In its market report, Truist raised its price target for Robert Half Inc. (NYSE:RHI) to $40 from $35 previously, while maintaining its “buy” recommendation, suggesting confidence despite the latter reporting a dismal earnings performance last year.

In an earnings call, Robert Half Inc. (NYSE:RHI) said that net income last year 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.

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.

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