TD SYNNEX: Buy Rating on Earnings Momentum, AI-Driven Growth, and Valuation Upside

Vincent Colicchio, an analyst from Barrington, maintained the Buy rating on TD SYNNEX Corporation. The associated price target is $182.00.

Vincent Colicchio has given his Buy rating due to a combination of factors tied to TD SYNNEX’s solid growth outlook and earnings momentum. He anticipates mid- to high-single-digit revenue growth and double-digit expansion in non-GAAP gross billings, supported by particularly strong year-over-year gains in the fiscal fourth quarter of 2025. Profitability is also expected to improve, with notable increases in non-GAAP EPS and adjusted EBITDA compared with the prior year, even if slightly below consensus. These trends suggest the company is successfully scaling its operations and capturing operating leverage.

Colicchio also bases his rating on the company’s favorable positioning in key technology segments and an attractive valuation framework. TD SYNNEX is benefitting from robust demand for PCs, peripherals, cloud, servers/storage, and software, including upgrade cycles tied to Windows 11 and growing interest in AI-enabled PCs. Both endpoint and advanced solutions are expected to deliver strong growth, leveraging the company’s broad vendor base and global reach. His 12‑month price target of $182, derived from applying a reasonable multiple to projected 2025 adjusted EBITDA and accounting for net debt, implies meaningful upside from current levels and supports the Buy recommendation.

Based on the recent corporate insider activity of 103 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.