In a report released on May 9, Ruplu Bhattacharya from Bank of America Securities reiterated a Buy rating on Ingram Micro Holding Corporation (INGM – Research Report), with a price target of $25.00.
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Ruplu Bhattacharya has given his Buy rating due to a combination of factors that highlight Ingram Micro Holding Corporation’s strong positioning in the market despite some near-term challenges. The company reported robust first-quarter earnings, surpassing revenue and EPS expectations, which demonstrates its operational strength. However, the outlook for the second quarter is slightly tempered due to tariff impacts and broader macroeconomic conditions, yet the company remains resilient.
Ingram Micro’s growth in client and endpoint solutions, driven by a significant PC refresh, is a positive indicator of its market adaptability. Additionally, the company’s strategic moves, such as increasing dividends and reducing debt, reflect a commitment to shareholder value and financial stability. Despite some headwinds, such as competitive pricing and a changing sales mix, Bhattacharya believes that Ingram Micro is well-positioned to navigate these challenges and continue its growth trajectory, justifying the Buy rating.
In another report released on May 9, Morgan Stanley also maintained a Buy rating on the stock with a $23.00 price target.