Update shared on27 Aug 2025
Fair value Increased 1.17%Analysts have raised their price target for TD SYNNEX to $156.64, citing confidence in the company’s strong position to capitalize on PC refresh demand, AI-driven Hyve growth, robust Endpoint Solutions performance, and improving trends in networking, software, and security.
Analyst Commentary
- Bullish analysts expect TD Synnex to benefit from the ongoing PC refresh cycle and related demand, with further upside anticipated from Windows 11 upgrades.
- Improved growth in Hyve, particularly from AI infrastructure spending, is seen as a key contributor to forward performance.
- Recent quarters have demonstrated robust IT distribution and Hyperscale revenue, as well as strong growth in Endpoint Solutions (up 13% YoY in gross billings).
- Analysts note stabilizing and improving trends in networking, software, and security, returning to growth after previous headwinds.
- Confidence in TD Synnex’s competitive positioning and management's focus on profitable growth, despite a challenging macro and tariff environment, has reinforced positive outlooks and price target increases.
What's in the News
- TD SYNNEX partnered with KORE Group Holdings to provide streamlined access to KORE's OmniSIM connectivity plans and hardware through its distribution network, simplifying IoT solutions for channel partners and customers.
- TD SYNNEX was dropped from the Russell 1000 Value-Defensive Index and the Russell 1000 Defensive Index.
- Issued Q3 FY25 guidance: revenue expected between $14.7–$15.5 billion, net income $159–$200 million, and diluted EPS $1.93–$2.43.
- Completed repurchase of 3,930,433 shares (4.67%) for $465.25 million under its ongoing buyback program.
- Launched several new partnerships, including with Arctera and Wasabi Technologies for a joint data protection solution, with Oberon for wireless mounting solutions distribution, and expanded managed security services with Cloudflare in Latin America.
Valuation Changes
Summary of Valuation Changes for TD SYNNEX
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $154.82 to $156.64.
- The Future P/E for TD SYNNEX remained effectively unchanged, moving only marginally from 16.43x to 16.62x.
- The Consensus Revenue Growth forecasts for TD SYNNEX remained effectively unchanged, at 3.7% per annum.
Disclaimer
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