Update shared on19 Sep 2025
Fair value Increased 1.04%The upward revision in TD SYNNEX’s price target reflects analyst optimism driven by robust enterprise hardware spending, anticipated multi-quarter PC refresh cycles, strong performance in networking and AI infrastructure, and solid earnings execution, resulting in a new consensus price target of $158.27.
Analyst Commentary
- Bullish analysts highlight continued strength in enterprise hardware spending, with value-added reseller checks suggesting in-line to better-than-expected trends and a tactically positive set-up into upcoming earnings.
- Anticipation of a multi-quarter PC refresh cycle is driving renewed demand, especially in business-to-business channels, with additional upside potential from Windows 11 upgrades and ongoing refreshes.
- Improved growth in networking and AI infrastructure, particularly within Hyve, is seen as supporting incremental revenue growth, while management’s focus on profitable growth is expected to alleviate product mix headwinds.
- Recent earnings results have shown robust IT distribution performance, hyperscale strength, double-digit year-over-year EPS growth, and management confidence in the company’s competitive position.
- Solid quarterly guidance, a strong performance in software, security, and networking, and the ability to outperform amidst challenging comps and an uncertain tariff environment underpin the upward price target revisions.
What's in the News
- TD SYNNEX formed a strategic channel partnership with Newforma, expanding distribution of Newforma's cloud-based AECO project management solutions across North America, Europe, Middle East, and beyond.
- Announced a strategic collaboration agreement with Amazon Web Services to accelerate AI and cloud adoption among partners in North America, Latin America, and the Caribbean, providing enhanced access to AWS services and marketplace programs.
- Partnered with KORE Group Holdings, making KORE’s OmniSIM US IoT connectivity available through TD SYNNEX’s network and simplifying IoT solution deployment for channel partners.
- TD SYNNEX was dropped from the Russell 1000 Value-Defensive Index and the Russell 1000 Defensive Index.
- Completed the repurchase of 3,930,433 shares (4.67% of shares outstanding) for $465.25 million; issued Q3 FY25 guidance with projected revenue of $14.7–$15.5 billion, net income of $159–$200 million, and EPS of $1.93–$2.43.
Valuation Changes
Summary of Valuation Changes for TD SYNNEX
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $156.64 to $158.27.
- The Future P/E for TD SYNNEX remained effectively unchanged, moving only marginally from 16.67x to 16.84x.
- The Consensus Revenue Growth forecasts for TD SYNNEX remained effectively unchanged, at 3.7% per annum.
Disclaimer
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