
SYNNEX (SNX) Stock Forecast & Price Target
SYNNEX (SNX) Analyst Ratings
Bulls say
TD Synnex Corp demonstrated significant growth in its fiscal Q1/26, with Hyve generating approximately $3.8 billion in adjusted gross billings, reflecting an impressive 95% year-over-year increase, and bolstered by heightened demand for personal computing devices and premium products. The company's non-GAAP operating margins also improved across various geographical segments, with notable jumps in the Americas (from 2.6% to 3.2%), Europe (from 2.1% to 2.4%), and Asia-Pacific and Japan (from 1.7% to 3.2%), indicating enhanced operational efficiency. Furthermore, the financial outlook for fiscal Q2/26 projects a non-GAAP gross billings range suggesting a 15% year-over-year increase at the midpoint, along with a significant anticipated rise in non-GAAP EPS of 34% year-over-year, underpinning a robust growth trajectory.
Bears say
TD Synnex Corp is facing stability issues with expected adjusted EBITDA margins projected to remain flat at 2.9% for both fiscal Q1/25 and fiscal Q1/26, following a decline from 3.0% in fiscal Q4/25. The company's gross margins have also stagnated at 6.9% year-over-year for the same periods, indicating challenges in achieving profitability improvements. Additionally, TD Synnex is trading at an enterprise value to estimated fiscal 2026 adjusted EBITDA multiple of 0.7x, significantly below the peer group average of 0.9x, which underscores the financial pressures and growth risks associated with its business model amid macroeconomic uncertainties.
This aggregate rating is based on analysts' research of SYNNEX and is not a guaranteed prediction by Public.com or investment advice.
SYNNEX (SNX) Analyst Forecast & Price Prediction
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