Royal Bank Of Canada Raises TD SYNNEX (NYSE:SNX) Price Target to $210.00

TD SYNNEX (NYSE:SNX) had its price objective hoisted by research analysts at Royal Bank Of Canada from $180.00 to $210.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 12.36% from the stock’s current price.

Several other brokerages also recently issued reports on SNX. Morgan Stanley upped their price objective on TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. The Goldman Sachs Group started coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Finally, UBS Group lifted their price target 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. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

TD SYNNEX Trading Up 0.3%

Shares of SNX opened at $186.90 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.75. TD SYNNEX has a 1-year low of $92.23 and a 1-year high of $191.79. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.23. The firm has a 50 day simple moving average of $160.60 and a 200-day simple moving average of $155.72.

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

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 23,365 shares of TD SYNNEX stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total value of $3,753,119.95. Following the transaction, the director owned 42,515 shares in the company, valued at $6,829,184.45. This trade represents a 35.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 80,915 shares of company stock valued at $13,111,786. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

A number of institutional investors have recently added to or reduced their stakes in SNX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TD SYNNEX by 9.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after purchasing an additional 1,460 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of TD SYNNEX by 5.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock valued at $18,631,000 after purchasing an additional 9,815 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of TD SYNNEX by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock worth $21,226,000 after purchasing an additional 12,615 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of TD SYNNEX by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,155 shares of the business services provider’s stock worth $428,000 after purchasing an additional 337 shares during the period. Finally, Hsbc Holdings PLC increased its position in TD SYNNEX by 716.7% during the 2nd quarter. Hsbc Holdings PLC now owns 36,246 shares of the business services provider’s stock worth $4,880,000 after purchasing an additional 31,808 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Trending Headlines about TD SYNNEX

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.