Barrington analyst Vincent Colicchio has maintained their bullish stance on SNX stock, giving a Buy rating on March 12.
Vincent Colicchio has given his Buy rating due to a combination of factors that highlight the strong performance and future potential of TD SYNNEX Corporation. The company reported fiscal Q4/24 revenue of $15.8 billion, surpassing both Colicchio’s and the FactSet consensus forecasts. This revenue growth was largely driven by the advanced solutions and endpoint solutions portfolios, with a notable increase in strategic technologies.
Colicchio also noted that the company’s non-GAAP gross billings and earnings per share exceeded expectations, further supporting his positive outlook. He anticipates continued growth in the IT market, which should benefit TD SYNNEX in the coming years. Consequently, he has increased the fiscal 2025 EPS forecast and introduced a 2026 forecast, reflecting confidence in sustained financial performance. As a result, Colicchio has raised the 12-month price target for SNX shares to $156, reinforcing his Buy recommendation.
In another report released on March 12, RBC Capital also maintained a Buy rating on the stock with a $165.00 price target.
Based on the recent corporate insider activity of 81 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.