TD SYNNEX (NYSE:SNX) Price Target Raised to $185.00

TD SYNNEX (NYSE:SNX) had its target price lifted by analysts at JPMorgan Chase & Co. from $175.00 to $185.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 0.65% from the company’s current price.

SNX has been the subject of several other research reports. The Goldman Sachs Group started coverage on TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective for the company. Morgan Stanley lifted their price target on TD SYNNEX from $172.00 to $174.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Barrington Research reissued an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a research report on Friday, March 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.50.

TD SYNNEX Stock Performance

Shares of NYSE SNX traded up $17.51 during trading hours on Wednesday, hitting $186.22. 2,056,086 shares of the stock were exchanged, compared to its average volume of 782,953. TD SYNNEX has a one year low of $92.23 and a one year high of $186.51. The company’s 50 day moving average is $159.18 and its 200 day moving average is $155.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75. The firm has a market capitalization of $15.01 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.15 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $1.49. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $15.59 billion. During the same quarter in the previous year, the business earned $2.80 EPS. The business’s revenue was up 18.1% on a year-over-year basis. On average, research analysts expect that TD SYNNEX will post 11.88 EPS for the current year.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 23,365 shares of TD SYNNEX stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the sale, the director owned 42,515 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the sale, the chief executive officer owned 170,928 shares in the company, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 80,915 shares of company stock worth $13,111,786. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. lifted its stake in TD SYNNEX by 1.8% during the second quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock worth $29,228,000 after purchasing an additional 3,736 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of TD SYNNEX by 7.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock valued at $162,568,000 after purchasing an additional 71,249 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of TD SYNNEX by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock worth $54,535,000 after buying an additional 46,713 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of TD SYNNEX during the 3rd quarter worth approximately $1,701,000. Finally, Envestnet Asset Management Inc. boosted its stake in TD SYNNEX by 11.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 82,977 shares of the business services provider’s stock valued at $13,587,000 after buying an additional 8,264 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Key Stories Impacting TD SYNNEX

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

• Positive Sentiment: Q1 results materially beat expectations — revenue $17.16B (up 18.1% y/y) and non‑GAAP EPS $4.73 — and management issued Q2 guidance that implied continued momentum, citing strength in hyperscaler, AI infrastructure and cloud-related demand. TD SYNNEX jumps after blowout fiscal Q1 results and upbeat outlook
• Positive Sentiment: Board declared a quarterly dividend of $0.48/share (record Apr 15, payable Apr 29), supporting income-focused holders and signaling confidence in cash generation.
• Neutral Sentiment: Detailed earnings materials and call transcript/slide deck are available for deeper diligence (useful for investors assessing sustainability of growth and margins). TD SYNNEX 2026 Q1 – Results – Earnings Call Presentation
• Neutral Sentiment: New reseller/partner deals (e.g., FatPipe partnership) expand distribution reach but are incremental to near-term results. FatPipe Announces Partnership with TD SYNNEX
• Negative Sentiment: Barclays raised its price target modestly to $166 but kept an “equal weight” rating — the PT sits well below the current market level, which could cap upside if other brokers follow suit. Barclays raises price target to $166, keeps equal-weight
• Negative Sentiment: Significant insider selling (multiple senior executives selling shares) and large institutional reductions reported in recent filings create a potential headwind and governance/data-risk perception for some investors. TD SYNNEX jumps after blowout fiscal Q1 results and upbeat outlook

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.