Goldman Sachs Reiterates Buy Rating on TD Synnex (SNX)

Goldman Sachs analyst Michael Ng reiterated a Buy rating and $133.00 price target on TD Synnex (NYSE: SNX)

The analyst comments "We attended SNX's investor day in New York on April 10th, 2025 featuring presentations and strategy updates from the management team including CEO Patrick Zammit, CFO Marshall Witt, Chief Strategy & Technology Officer Sergio Farache, Board Director and Hyve Executive Dennis Polk, President of Hyve Steve Ichinaga, President of North America Reyna Thompson, and President of Europe, Miriam Murphy. BOTTOM LINE: Though SNX lowered its F2H25 revenue guidance on IT spending uncertainty related to ongoing macro volatility, we are encouraged by SNX's commitment to grow faster than the overall IT market by its continued focus on expanding its portfolio and presence across under penetrated regions and solutions, as well as reaching new customers through its specialist go-to-market approach."

For an analyst ratings summary and ratings history on TD Synnex click here. For more ratings news on TD Synnex click here.

Shares of TD Synnex closed at $101.85 yesterday.

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