TD SYNNEX (NYSE:SNX) Price Target Raised to $325.00 at Barrington Research

TD SYNNEX (NYSE:SNX) had its price target upped by research analysts at Barrington Research from $202.00 to $325.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 18.91% from the company’s current price.

Several other brokerages also recently weighed in on SNX. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. UBS Group reiterated a “buy” rating and issued a $352.00 target price on shares of TD SYNNEX in a report on Friday. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. Royal Bank Of Canada boosted their price target on TD SYNNEX from $250.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective on the stock in a report on Wednesday, May 27th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.60.

TD SYNNEX Price Performance

Shares of NYSE:SNX traded down $4.31 during trading on Friday, hitting $273.32. 93,783 shares of the stock were exchanged, compared to its average volume of 807,004. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41. The company has a market cap of $21.97 billion, a PE ratio of 22.73, a P/E/G ratio of 1.17 and a beta of 1.43. TD SYNNEX has a 12-month low of $133.71 and a 12-month high of $296.47. The company has a fifty day moving average price of $248.56 and a two-hundred day moving average price of $191.65.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The business had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The business’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the business posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, analysts forecast that TD SYNNEX will post 15.88 EPS for the current year.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, CFO David Gregory Jordan sold 3,225 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $189.46, for a total transaction of $611,008.50. Following the completion of the transaction, the chief financial officer directly owned 14,035 shares of the company’s stock, valued at $2,659,071.10. The trade was a 18.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $280.38, for a total value of $1,401,900.00. Following the completion of the transaction, the director directly owned 23,537 shares of the company’s stock, valued at $6,599,304.06. This trade represents a 17.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,250 shares of company stock worth $4,935,282 in the last ninety days. 0.70% of the stock is owned by insiders.

Institutional Trading of TD SYNNEX

A number of institutional investors have recently made changes to their positions in the stock. Dorato Capital Management bought a new position in shares of TD SYNNEX in the fourth quarter valued at approximately $27,000. Ossiam boosted its stake in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX during the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX in the 3rd quarter worth $30,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of TD SYNNEX in the fourth quarter valued at $32,000. 84.00% of the stock is owned by institutional investors and hedge funds.

More TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: TD SYNNEX reported fiscal Q2 revenue of about $19.6 billion, up 31% year over year, with non-GAAP EPS of $4.85, well above estimates, signaling strong operating momentum. TD SYNNEX Reports Record Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management’s Q3 guidance also came in above consensus, with EPS outlook of 4.25 to 4.75 and revenue guidance of $18.2 billion to $19.0 billion, reinforcing confidence that demand remains strong. Seeking Alpha article
• Positive Sentiment: Analysts are highlighting the Hyve Solutions segment and AI infrastructure exposure as additional growth drivers, with one recent note saying the company’s story is being pulled forward by both Hyve and distribution strength. TD Synnex: Hyve And Distribution Are Both Pulling The Story Forward
• Neutral Sentiment: TD SYNNEX declared a quarterly dividend of $0.48 per share, which is a modest shareholder return but not a major near-term growth catalyst. MarketBeat earnings report
• Negative Sentiment: After a large year-to-date rally, some articles raised valuation concerns, suggesting investors may worry the easy gains have already been made even as fundamentals remain strong. TD SYNNEX (SNX) Stock After 81% YTD Surge Are Valuation Concerns Justified

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.