
SYNNEX (SNX) Stock Forecast & Price Target
SYNNEX (SNX) Analyst Ratings
Bulls say
TD Synnex Corp has demonstrated a robust growth trajectory, particularly in its cloud, cybersecurity, and data analytics portfolios, which saw double-digit growth in 4Q24 and is expected to persist into FY25. The anticipated improvement in demand for commercial PCs, driven by the upcoming end of support for Windows 10 and an aging PC base, is likely to catalyze a significant refresh cycle that will positively impact revenues. Furthermore, the company’s recent performance, highlighted by double-digit revenue growth from Hyve and strong demand in networking products, positions TD Synnex favorably for a potential stock re-rating as it capitalizes on improving market dynamics and margin profiles in the fiscal landscape ahead.
Bears say
TD Synnex faces a challenging outlook due to a combination of factors that could affect its growth trajectory, including a deteriorating PC end-market and potential supply chain constraints. Additionally, the company is exposed to macroeconomic uncertainties that may lead to slower-than-expected growth, compounded by the complexities introduced by ASC 606 accounting methods. Lastly, the recent performance of Microsoft's Azure, along with overall market conditions, highlights a risk of underperformance that could weigh heavily on TD Synnex's financial results in the near term.
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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