TD SYNNEX (NYSE:SNX) Stock Price Expected to Rise, Barclays Analyst Says

TD SYNNEX (NYSE:SNX) had its price target hoisted by equities researchers at Barclays from $163.00 to $166.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price objective points to a potential downside of 11.18% from the company’s current price.

SNX has been the topic of a number of other research reports. 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. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Morgan Stanley upped their price objective on shares of TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $183.00.

TD SYNNEX Stock Performance

NYSE:SNX opened at $186.90 on Wednesday. TD SYNNEX has a 12 month low of $92.23 and a 12 month high of $191.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.75. The firm has a market capitalization of $15.07 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.23. The business’s fifty day moving average price is $160.60 and its 200 day moving average price is $155.72.

TD SYNNEX (NYSE:SNX) last announced its quarterly 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 return on equity of 14.03% and a net margin of 1.52%.The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $15.59 billion. During the same period in the previous year, the business earned $2.80 EPS. TD SYNNEX’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, sell-side analysts anticipate that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

Insider Transactions at TD SYNNEX

In related news, Director Merline Saintil sold 167 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of the sale, the director owned 6,995 shares in the company, valued at $1,103,461.25. This represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Zammit sold 13,900 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was 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 $29,326,116.96. The trade was a 7.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 80,915 shares of company stock worth $13,111,786. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Institutional investors and hedge funds have recently made changes to their positions in the business. Parcion Private Wealth LLC boosted its stake in shares of TD SYNNEX by 0.4% during the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after buying an additional 68 shares during the period. Cornerstone Wealth Management LLC raised its stake in TD SYNNEX by 3.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 69 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in TD SYNNEX by 3.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock worth $317,000 after acquiring an additional 71 shares during the period. Quadrant Capital Group LLC lifted its position in TD SYNNEX by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 7,588 shares of the business services provider’s stock worth $1,140,000 after acquiring an additional 73 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of TD SYNNEX by 10.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 74 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

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

TD SYNNEX Company Profile

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.