In a report released yesterday, Ruplu Bhattacharya from Bank of America Securities reiterated a Buy rating on TD SYNNEX Corporation (SNX – Research Report), with a price target of $156.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Ruplu Bhattacharya has given his Buy rating due to a combination of factors that highlight the strong performance and potential of TD SYNNEX Corporation. The company reported impressive financial results for the second fiscal quarter of 2025, with billings, revenue, and earnings per share exceeding the high end of their guidance. This was largely driven by widespread strength across various customer segments, including small and medium businesses, managed service providers, and the public sector.
Additionally, TD SYNNEX experienced notable growth in its Endpoint and Advanced Solutions segments, with software billings increasing significantly due to strong demand in cloud, cybersecurity, and infrastructure software. The company’s strategic focus on higher-margin products and services, along with its broad portfolio and cross-selling opportunities, supports the long-term positive outlook. Furthermore, the analyst has adjusted the price objective to $156, reflecting confidence in the company’s ability to capitalize on improving end-market demand.
In another report released yesterday, Barrington also maintained a Buy rating on the stock with a $156.00 price target.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNX in relation to earlier this year.