TD SYNNEX (NYSE:SNX) Price Target Raised to $165.00

Key Points

• TD SYNNEX's price target was raised by Royal Bank of Canada from $145.00 to $165.00, indicating a potential upside of 13.06% from the stock's previous close.
• Multiple analysts have issued positive ratings for TD SYNNEX, with Loop Capital and Bank of America also increasing their price targets to $160.00 and $170.00, respectively.
• The company reported earnings of $2.99 per share, surpassing expectations by $0.28, and its revenue was up 7.2% year-over-year, totaling $14.95 billion in the last quarter.

TD SYNNEX (NYSE:SNX - Get Free Report) had its price target lifted by investment analysts at Royal Bank Of Canada from $145.00 to $165.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the business services provider's stock. Royal Bank Of Canada's price target indicates a potential upside of 13.06% from the stock's previous close.

Other analysts also recently issued reports about the company. Loop Capital increased their price objective on TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a report on Monday, June 30th. Bank of America increased their price objective on TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Morgan Stanley set a $155.00 price target on TD SYNNEX and gave the stock an "overweight" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. increased their price target on TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TD SYNNEX presently has an average rating of "Moderate Buy" and an average target price of $151.30.

TD SYNNEX Stock Performance

NYSE SNX opened at $145.9390 on Friday. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.18 and a beta of 1.32. TD SYNNEX has a twelve month low of $92.23 and a twelve month high of $153.70. The stock has a fifty day simple moving average of $140.58 and a 200 day simple moving average of $128.59. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The business services provider reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.28. The business had revenue of $14.95 billion during the quarter, compared to the consensus estimate of $14.30 billion. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%.TD SYNNEX's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.73 earnings per share. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. 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 Richard T. Hume sold 63,310 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $136.23, for a total value of $8,624,721.30. Following the completion of the sale, the director directly owned 67,515 shares in the company, valued at $9,197,568.45. This trade represents a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Alim Dhanji sold 1,257 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total transaction of $179,009.37. Following the completion of the transaction, the insider directly owned 10,984 shares in the company, valued at approximately $1,564,231.44. The trade was a 10.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,888 shares of company stock valued at $9,115,025. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TD SYNNEX

Several large investors have recently added to or reduced their stakes in the business. Ellevest Inc. lifted its holdings in TD SYNNEX by 3.9% during the fourth quarter. Ellevest Inc. now owns 2,384 shares of the business services provider's stock worth $280,000 after acquiring an additional 90 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in TD SYNNEX by 1.6% during the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider's stock worth $630,000 after acquiring an additional 94 shares during the period. Utah Retirement Systems lifted its holdings in TD SYNNEX by 2.5% during the fourth quarter. Utah Retirement Systems now owns 4,100 shares of the business services provider's stock worth $481,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System lifted its holdings in TD SYNNEX by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider's stock worth $1,873,000 after acquiring an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of TD SYNNEX by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider's stock worth $2,194,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.

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