TD SYNNEX Corporation ( (SNX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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TD SYNNEX Corporation’s stock movement has been fueled by a strong fiscal 2024 performance and better-than-expected Q4 earnings, reporting an EPS of $3.09 versus the consensus of $3.05. As a result, Barclays and Stifel have revised their price targets upwards, from $132 to $148 and from $130 to $140, respectively. With the stock rated as a Strong Buy and an analyst consensus price target suggesting a 9.7% potential upside, the shares have recently closed near a 52-week high, signaling strong investor confidence.
More about TD SYNNEX Corporation
YTD Price Performance: 16.79%
Average Trading Volume: 634,787
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.58B
For further insights into SNX stock on TipRanks’ Stock Analysis page.
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