TD SYNNEX Corporation (SNX) Ranked Tenth Best Investment, Price Target Raised to $193
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Yahoo Finance
- Analyst Rating Update: UBS analyst David Vogt maintains a Buy rating on TD SYNNEX, raising the price target from $187 to $193, reflecting optimism about the company's strategic position, particularly in AI data center infrastructure.
- Market Demand Fluctuations: Morgan Stanley analyst Erik Woodring lowers the price target from $177 to $172 while maintaining an Overweight rating, indicating confidence in the company's long-term prospects but a cautious stance on expected volatility in IT hardware demand in the near term.
- Strong Financial Performance: Barclays analyst Tim Long reduces SNX's price target from $164 to $163 but keeps an Equal Weight rating, highlighting that the company's fiscal Q4 earnings exceeded expectations due to strong software performance and consistent PC demand.
- Core of Technology Ecosystem: TD SYNNEX operates at the heart of the technology ecosystem, providing a comprehensive range of products and services from leading vendors like IBM and Cisco, designed to help partners capitalize on high-growth areas such as AI integration and hybrid cloud.
Analyst Views on SNX
Wall Street analysts forecast SNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNX is 177.00 USD with a low forecast of 164.00 USD and a high forecast of 187.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 150.380
Low
164.00
Averages
177.00
High
187.00
Current: 150.380
Low
164.00
Averages
177.00
High
187.00
About SNX
TD Synnex Corporation is a global distributor and solutions aggregator for the information technology (IT) ecosystem. The Company's two primary solution portfolios include Endpoint Solutions and Advanced Solutions. The Endpoint Solutions portfolio primarily includes personal computing devices and peripherals, mobile phones and accessories, printers and supplies. The Advanced Solutions portfolio primarily includes data center technologies, such as hybrid cloud, security, storage, networking, servers, software, converged and hyper-converged infrastructure and hyperscale infrastructure, via its Hyve business. Its service offerings include systems design and integration solutions, logistics services, depot repair services, customer management services, cloud services, online services, financial services, and marketing services. It serves commercial, government reseller, and retail customers. Its StreamOne is a complete platform that includes a marketplace function.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
