JPMorgan Chase & Co. Forecasts Strong Price Appreciation for TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX (NYSE:SNX) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $175.00 to $185.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 1.02% from the stock’s previous close.

Several other analysts have also weighed in on SNX. UBS Group raised their price objective on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Barrington Research reissued an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a report on Friday, March 27th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. The Goldman Sachs Group began coverage on TD SYNNEX in a research report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price objective for the company. Finally, Barclays boosted their price objective on TD SYNNEX from $163.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

TD SYNNEX Stock Up 0.3%

Shares of NYSE:SNX opened at $186.90 on Wednesday. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $191.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.22. The company’s fifty day moving average is $160.60 and its 200-day moving average is $155.72. The company has a market capitalization of $15.07 billion, a PE ratio of 15.54, a P/E/G ratio of 1.34 and a beta of 1.23.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.49. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The business had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $15.59 billion. During the same quarter last year, the company posted $2.80 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts predict that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the transaction, the chief executive officer directly owned 170,928 shares in the company, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 25,000 shares of TD SYNNEX stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 80,915 shares of company stock worth $13,111,786. Company insiders own 0.70% of the company’s stock.

Institutional Trading of TD SYNNEX

Several institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of TD SYNNEX in the 4th quarter valued at $148,559,000. Alyeska Investment Group L.P. acquired a new stake in shares of TD SYNNEX during the third quarter worth $135,631,000. AQR Capital Management LLC increased its holdings in TD SYNNEX by 141.8% in the fourth quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock valued at $140,431,000 after purchasing an additional 548,180 shares during the last quarter. Victory Capital Management Inc. increased its holdings in TD SYNNEX by 123.6% in the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock valued at $119,263,000 after purchasing an additional 402,573 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in TD SYNNEX in the fourth quarter valued at about $60,104,000. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX News Roundup

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Blowout Q1 results and upbeat guidance — SNX reported fiscal Q1 revenue of $17.16B (+18.1% Y/Y) and non‑GAAP EPS of $4.73, well above expectations; management tied strength to hyperscaler and AI/cloud demand and gave Q2 revenue and EPS guidance that implied continued momentum. Quiver Quant Article
• Positive Sentiment: Hyve acceleration — Hyve Solutions now represents ~27% of EBIT, delivered strong revenue growth (reported ~24%), and onboarded three new U.S. hyperscaler customers, lowering concentration risk and supporting multi-year EPS upside. Seeking Alpha: Expecting EPS Growth
• Positive Sentiment: Analyst upgrades — Goldman Sachs raised its price target to $205 (buy) and RBC raised its PT to $210 (outperform), signaling analyst confidence in SNX’s growth trajectory and providing additional buying support. Benzinga: Goldman Sachs
• Neutral Sentiment: JPMorgan moved its target up to $185 but kept a neutral rating — a modest tweak that is less bullish than other banks and implies limited near-term upside from that shop. Benzinga: JPMorgan
• Neutral Sentiment: Full earnings materials and call transcript are available for deeper read — useful for validating management’s AI/cloud commentary and margin drivers. InsiderMonkey Transcript
• Negative Sentiment: Some analyst targets still conservative — Barclays’ target was lifted only to $166 (equal weight), which is below the current trading level and could cap upside from that cohort. TickerReport / Benzinga
• Negative Sentiment: Insider and institutional selling noted — Quiver flagged extensive insider sales and major institutional reductions in recent quarters, which is a potential headwind if it continues. Quiver Quant: Insider & Fund Activity

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.