Barclays Issues Positive Forecast for TD SYNNEX (NYSE:SNX) Stock Price

TD SYNNEX (NYSE:SNX) had its price target raised by equities researchers at Barclays from $163.00 to $166.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price objective suggests a potential downside of 9.50% from the company’s current price.

Several other analysts also recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. The Goldman Sachs Group began coverage on TD SYNNEX in a report on Tuesday, January 13th. They set a “buy” rating and a $180.00 target price for the company. Barrington Research restated an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a research note on Friday, March 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and an average target price of $175.00.

TD SYNNEX Stock Performance

SNX traded up $14.72 on Wednesday, reaching $183.43. The company had a trading volume of 1,373,475 shares, compared to its average volume of 778,347. The stock has a market cap of $14.79 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. TD SYNNEX has a fifty-two week low of $92.23 and a fifty-two week high of $184.58. The company’s fifty day moving average is $159.18 and its 200 day moving average is $155.29.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.49. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $15.59 billion. During the same period last year, the business posted $2.80 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, analysts predict that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 23,365 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the completion of the transaction, the director directly owned 42,515 shares in the company, valued at $6,829,184.45. The trade was a 35.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Merline Saintil sold 167 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total value of $26,344.25. Following the sale, the director owned 6,995 shares of the company’s stock, valued at $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 80,915 shares of company stock valued at $13,111,786 over the last quarter. 0.70% of the stock is owned by company insiders.

Institutional Trading of TD SYNNEX

Several institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. boosted its position in shares of TD SYNNEX by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock worth $29,228,000 after purchasing an additional 3,736 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in TD SYNNEX by 7.7% in the third quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock valued at $162,568,000 after acquiring an additional 71,249 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of TD SYNNEX by 16.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock valued at $54,535,000 after acquiring an additional 46,713 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of TD SYNNEX during the third quarter worth approximately $1,701,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of TD SYNNEX by 11.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 82,977 shares of the business services provider’s stock worth $13,587,000 after purchasing an additional 8,264 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Key TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Q1 beat on both EPS and revenue — TD SYNNEX reported $4.73 EPS versus consensus near $3.25 and revenue of ~$17.16B, materially topping estimates; management gave a constructive Q2 outlook. This beat-and-guidance combination is the primary driver of the stock strength. Earnings Call Transcript
• Positive Sentiment: Broad-based growth — Management and analysts point to growth across distribution and Hyve/Hive (solutions/commercial software/aggregation businesses) as the source of upside to guidance, implying higher-margin services are contributing more to revenue and profit. That mix shift supports upside to forward estimates. SNX Q1 Deep Dive
• Neutral Sentiment: Dividend declared — The board declared a quarterly dividend of $0.48/share (annualized yield ~1.1%), payable late April to holders of record April 15. It’s positive for income investors but modest in size relative to valuation impact.
• Neutral Sentiment: New partner additions expand product reach — TD SYNNEX announced a distribution/partner agreement with FatPipe to resell SD‑WAN and cybersecurity solutions, supporting continued expansion of vendor partnerships and addressable market. FatPipe Partnership
• Neutral Sentiment: Analysts remain mixed — Coverage shows divergent views and price targets (median near ~$178), so while the quarter lifted sentiment, analyst positioning remains varied which could moderate follow-through moves. Analyst Coverage
• Negative Sentiment: Significant insider and institutional selling in recent periods — Data shows heavy insider sales and large institutional reductions in Q4 2025, which could cap upside if selling resumes despite the beat. This is a potential headwind for sustained multiple expansion. Insider / Institutional Activity

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.