Royal Bank Of Canada Raises TD SYNNEX (NYSE:SNX) Price Target to $210.00

TD SYNNEX (NYSE:SNX) had its target price hoisted by equities research analysts at Royal Bank Of Canada from $180.00 to $210.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 12.77% from the company’s previous close.

Several other equities research analysts have also issued reports on SNX. UBS Group upped their price target on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of TD SYNNEX in a research note on Tuesday, January 13th. They set a “buy” rating and a $180.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of TD SYNNEX from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.50.

TD SYNNEX Price Performance

SNX opened at $186.22 on Wednesday. The company has a 50-day moving average of $159.91 and a 200-day moving average of $155.50. The company has a market capitalization of $15.01 billion, a P/E ratio of 15.48, a PEG ratio of 1.21 and a beta of 1.22. TD SYNNEX has a 1-year low of $92.23 and a 1-year high of $186.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.22.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $3.24 by $1.49. The business had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $15.59 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 earnings per share. Equities analysts expect that TD SYNNEX will post 11.88 EPS for the current fiscal year.

Insider Buying and Selling at TD SYNNEX

In other news, Director Richard T. Hume sold 23,365 shares of TD SYNNEX stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the sale, the director owned 42,515 shares of the company’s stock, valued at approximately $6,829,184.45. The trade was a 35.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Merline Saintil sold 167 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 6,995 shares of the company’s stock, valued at $1,103,461.25. This trade represents a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 80,915 shares of company stock worth $13,111,786. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On TD SYNNEX

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TD SYNNEX by 9.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after acquiring an additional 1,460 shares during the period. Goldman Sachs Group Inc. lifted its position in TD SYNNEX by 5.8% in the first quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after purchasing an additional 9,815 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in TD SYNNEX by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock valued at $21,226,000 after purchasing an additional 12,615 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of TD SYNNEX by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,155 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 337 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of TD SYNNEX by 716.7% in the 2nd quarter. Hsbc Holdings PLC now owns 36,246 shares of the business services provider’s stock worth $4,880,000 after buying an additional 31,808 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Key TD SYNNEX News

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

• Positive Sentiment: Blowout Q1 beat — SNX reported record fiscal Q1 results: revenue $17.16B (+18.1% Y/Y) and non‑GAAP EPS $4.73, well above estimates, and issued Q2 guidance that implied continuing momentum. This is the primary catalyst for the intraday rally. QuiverQuant: TD SYNNEX jumps after blowout fiscal Q1 results and upbeat outlook
• Positive Sentiment: AI/cloud tailwinds highlighted — Management tied strength to hyperscaler and enterprise demand, specifically AI infrastructure and cloud solutions, supporting higher-margin services and distribution growth. Zacks: Q1 Earnings Crush Estimates
• Positive Sentiment: Dividend declared — Company announced a quarterly dividend of $0.48/share (annualized yield ≈1.0%), modestly supportive for income‑oriented holders.
• Positive Sentiment: New channel partnership — TD SYNNEX added a FatPipe SD‑WAN/cybersecurity partnership, expanding solution set for enterprise customers. PR Newswire: FatPipe partnership
• Neutral Sentiment: JPMorgan raised its price target to $185 but kept a “neutral” rating — a modest signal (target roughly in line with the current level) that tempers a full bullish re‑rating. Benzinga: JPMorgan raises PT
• Neutral Sentiment: Analysts remain mixed — recent coverage highlights conflicting views on valuation and near‑term cadence despite strong Q1 results. Globe and Mail: Analysts Conflicted
• Negative Sentiment: Barclays raised its target to $166 but kept an “equal weight” rating — the target implies a material downside versus current levels and reflects continued analyst caution on upside beyond the near term. TickerReport: Barclays raises PT
• Negative Sentiment: Significant insider and institutional selling flagged — filings and data show notable insider sales and some large fund reductions in recent quarters, which could weigh on sentiment if sustained. QuiverQuant: insider & hedge fund 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.