SYNNEX Corp. (SNX) Tops Q3 EPS by 6c, Offers Guidance

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Go back to SYNNEX Corp. (SNX) Tops Q3 EPS by 6c, Offers Guidance

Goldman Sachs Reiterates Buy Rating on TD Synnex (SNX)

September 27, 2024 6:08 AM EDT

Goldman Sachs analyst Michael Ng reiterated a Buy rating and $144.00 price target on TD Synnex (NYSE: SNX).

The analyst comments "SNXs F3Q24 EPS beat on strong IT market demand, though margins missed and outlook was weaker than expected at the midpoint. First, F3Q24 gross billings of $20.3 bn (+9% yoy) accelerated sequentially with strength in both the Endpoint Solutions (+5% yoy) and Advanced Solutions (+12% yoy)... More