William Blair analyst Maggie Nolan has maintained their bullish stance on INGM stock, giving a Buy rating on July 28.
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Maggie Nolan’s rating is based on Ingram Micro Holding Corporation’s impressive financial performance in the second quarter, which exceeded expectations in both revenue and earnings per share. The company reported a significant year-over-year revenue increase, driven by strong growth in client and endpoint solutions as well as advanced solutions. Despite some margin pressures due to a shift towards lower-margin sales and increased international competition, the overall financial results were strong.
Furthermore, the company’s guidance for the third quarter, while mixed due to potential impacts from a recent cyber event, still reflects positive momentum in key areas such as cloud and advanced solutions. The North American and Asia-Pacific regions showed robust growth, with North America being a standout performer. This regional strength, coupled with a return to growth in the SMB sector, provides a positive outlook for future opportunities. These factors collectively contribute to Maggie Nolan’s Buy rating for Ingram Micro Holding Corporation.
In another report released on July 28, TR | OpenAI – 4o also initiated coverage with a Buy rating on the stock with a $23.50 price target.