Morgan Stanley Cuts Ingram Micro (NYSE:INGM) Price Target to $30.00

Key Points

• Morgan Stanley cut Ingram Micro’s price target from $33 to $30 while maintaining an “equal weight” rating, implying approximately 14.4% upside from the reported $26.22 share price.
• Analyst sentiment remains mixed but leans toward “Hold”: four analysts rate the stock a Buy and six rate it Hold, with a consensus price target of $30.50.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 in EPS versus the $0.74 consensus and $14.53 billion in revenue versus estimates of $13.85 billion; management issued Q3 2026 EPS guidance of $0.72–$0.82.

Ingram Micro (NYSE:INGM - Get Free Report) had its target price decreased by analysts at Morgan Stanley from $33.00 to $30.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price objective suggests a potential upside of 14.42% from the company's current price.

INGM has been the subject of several other research reports. Truist Financial raised their target price on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a "hold" rating in a report on Tuesday, August 4th. Weiss Ratings raised Ingram Micro from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 8th. Zacks Research lowered Ingram Micro from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Wall Street Zen downgraded Ingram Micro from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. Finally, JPMorgan Chase & Co. raised Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 target price on the stock in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $30.50.

Ingram Micro Stock Performance

Shares of NYSE INGM traded down $0.10 during midday trading on Wednesday, reaching $26.22. The company had a trading volume of 389,330 shares, compared to its average volume of 1,252,202. Ingram Micro has a 1 year low of $19.03 and a 1 year high of $31.69. The business's 50-day simple moving average is $28.42 and its 200 day simple moving average is $27.16. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $6.05 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.70 and a beta of 1.74.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%.The company had revenue of $14.53 billion during the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, analysts forecast that Ingram Micro will post 3.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ingram Micro

Several hedge funds have recently modified their holdings of INGM. Allworth Financial LP grew its position in shares of Ingram Micro by 72.9% in the second quarter. Allworth Financial LP now owns 1,290 shares of the company's stock valued at $35,000 after purchasing an additional 544 shares during the period. Covestor Ltd raised its position in shares of Ingram Micro by 15.4% during the 4th quarter. Covestor Ltd now owns 5,669 shares of the company's stock worth $121,000 after purchasing an additional 756 shares during the last quarter. Royal Bank of Canada lifted its stake in Ingram Micro by 252.2% in the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company's stock valued at $34,000 after buying an additional 1,054 shares in the last quarter. Pullen Investment Management LLC lifted its stake in Ingram Micro by 1.2% in the 1st quarter. Pullen Investment Management LLC now owns 109,121 shares of the company's stock valued at $2,544,000 after buying an additional 1,338 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Ingram Micro in the 2nd quarter worth about $38,000.

About Ingram Micro

Ingram Micro Inc is a global technology distributor and provider of technology services. The company connects technology manufacturers with businesses, resellers, systems integrators, managed service providers and other channel partners. Its offerings span cloud and platform services, cybersecurity, data center and infrastructure products, networking, endpoint devices, software, peripherals and other information technology solutions.

In addition to distributing products, Ingram Micro provides logistics, supply-chain management, financing, configuration, integration, lifecycle management and professional services.

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