Morgan Stanley Boosts TD SYNNEX (NYSE:SNX) Price Target to $174.00

TD SYNNEX (NYSE:SNX) had its price objective hoisted by analysts at Morgan Stanley from $172.00 to $174.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 13.87% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Barclays cut their price target on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, January 9th. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. UBS Group upped their target price on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Barrington Research reiterated an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a report on Friday, January 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $170.82.

TD SYNNEX Stock Down 1.6%

Shares of SNX opened at $152.81 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $157.66 and a 200 day moving average of $154.71. The company has a market cap of $12.32 billion, a PE ratio of 15.33, a P/E/G ratio of 1.10 and a beta of 1.37. TD SYNNEX has a 52-week low of $92.23 and a 52-week high of $175.56.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The business had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same quarter in the previous year, the business posted $3.09 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, sell-side analysts expect that TD SYNNEX will post 11.88 EPS for the current year.

Insider Transactions at TD SYNNEX

In other news, Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the transaction, the director directly owned 47,515 shares in the company, valued at approximately $7,634,235.05. This trade represents a 34.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 80,915 shares of company stock valued at $13,111,786. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TD SYNNEX

Several institutional investors have recently made changes to their positions in SNX. Parcion Private Wealth LLC raised its holdings in shares of TD SYNNEX by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock valued at $2,487,000 after acquiring an additional 68 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings 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 worth $310,000 after acquiring an additional 69 shares in the last quarter. Ashton Thomas Private Wealth LLC increased 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 valued at $317,000 after purchasing an additional 71 shares during the period. Quadrant Capital Group LLC increased 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 valued at $1,140,000 after purchasing an additional 73 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings 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 in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

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.