Ingram Micro’s Strong Q1 Performance and Strategic Resilience Earns Buy Rating

William Blair analyst Maggie Nolan has maintained their bullish stance on INGM stock, giving a Buy rating today.

Maggie Nolan’s rating is based on Ingram Micro Holding Corporation’s impressive first-quarter performance, which surpassed market expectations in both revenue and earnings. The company achieved an 8.3% year-over-year increase in net revenue, driven by strong growth in cloud services and client solutions, particularly in the PC refresh segment. This growth was further supported by double-digit expansion in key regions such as North America and APAC, highlighting the company’s robust market position.
Despite some challenges, including potential tariff impacts, Ingram Micro has demonstrated resilience by strategically managing its supply chain and preemptively addressing tariff concerns. The company’s strength in advanced solutions, particularly in networking, cybersecurity, and server solutions, also contributed to its positive outlook. These factors, combined with the company’s ability to maintain momentum in a challenging macroeconomic environment, underpin Maggie Nolan’s Buy rating for Ingram Micro’s stock.

According to TipRanks, Nolan is an analyst with an average return of -1.7% and a 43.24% success rate. Nolan covers the Technology sector, focusing on stocks such as Exlservice Holdings, Grid Dynamics Holdings, and ASGN.

In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $23.00 price target.