Will TD SYNNEX's (SNX) IoT Connectivity Push Shape Its Digital Transformation Advantage?

• KORE Group Holdings Inc. recently announced a partnership with TD SYNNEX, making KORE’s OmniSIM US connectivity plans available through TD SYNNEX’s vast distribution network to streamline access and deployment of IoT solutions for businesses.
• This alliance enables TD SYNNEX channel partners to quickly procure flexible, carrier-grade IoT connectivity and specialized hardware, supporting easier adoption of scalable end-to-end solutions across multiple industries.
• We’ll explore how TD SYNNEX’s expanded IoT connectivity through KORE could influence its position in the digital transformation narrative.

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TD SYNNEX Investment Narrative Recap

To be a TD SYNNEX shareholder, you need to believe in the company’s ability to capture growth from the ongoing enterprise digital transformation trend and increased demand for recurring IoT and cloud-based solutions. The new KORE partnership should incrementally support the most important near-term catalyst, expanding higher-value integration and lifecycle services, though it does not materially alter near-term risks such as margin pressure from a less favorable product mix or potential demand pullbacks after prior advanced purchases.

Among recent announcements, the June data protection partnership with Arctera and Wasabi Technologies stands out, as it further enhances TD SYNNEX’s portfolio for channel resellers, directly supporting the company’s catalyst of generating higher recurring revenue streams and improving its value-added services. Together with the KORE partnership, these kinds of alliances broaden access to more differentiated IT solutions, which helps offset the longer-term threat of direct procurement bypassing traditional distribution channels. But investors should also keep in mind…

Read the full narrative on TD SYNNEX (it's free!)

TD SYNNEX's narrative projects $66.9 billion revenue and $914.7 million earnings by 2028. This requires 3.7% yearly revenue growth and a $195.4 million earnings increase from $719.3 million currently.

Uncover how TD SYNNEX's forecasts yield a $154.82 fair value, a 10% upside to its current price.

Exploring Other Perspectives

The Simply Wall St Community contributed four fair value views, ranging from US$154.82 to US$314.04 per share. While investors’ opinions are split, ongoing margin pressure remains a key factor influencing future performance, consider several perspectives before making any decisions.

Explore 4 other fair value estimates on TD SYNNEX - why the stock might be worth just $154.82!

Build Your Own TD SYNNEX Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your TD SYNNEX research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free TD SYNNEX research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate TD SYNNEX's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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