
INGM Stock Forecast & Price Target
INGM Analyst Ratings
Bulls say
Ingram Micro Holding Corp is poised for growth due to its strong positioning within the global information technology ecosystem, leveraging an expanding product portfolio that targets emerging technologies such as cybersecurity and artificial intelligence. The company anticipates a significant increase in overall demand, as evidenced by IDC’s report indicating a moderate recovery in PC shipments and robust growth in networking product orders, which will potentially enhance profitability. Furthermore, the firm’s commitment to achieving mid-single-digit organic revenue growth and its plans to initiate a quarterly dividend in Q1 2025 suggest a positive outlook for free cash flow and shareholder returns.
Bears say
Ingram Micro Holding Corp faces significant headwinds that contribute to a negative outlook, including expected net leverage nearing 2.2x in FY24E and a projected decrease to 1.0x by FY26E, indicating ongoing financial strain. The company operates in an environment marked by global macroeconomic factors that are likely to reduce IT spending in the medium term, compounded by risks from a slower-than-expected PC refresh cycle and challenges in adopting AI-enabled hardware. Additionally, margin pressures resulting from rebates, supply chain disruptions, and potential low free cash flow generation due to working capital needs further exacerbate concerns regarding the company's financial stability and growth prospects.
This aggregate rating is based on analysts' research of Ingram Micro Holding and is not a guaranteed prediction by Public.com or investment advice.
INGM Analyst Forecast & Price Prediction
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