Barclays has revised its price target for TD Synnex (SNX, Financial), lowering it from $125 to $118 while maintaining an Equal Weight rating on the stock. This decision follows an analyst day presentation and discussions with the company's senior management.
The adjustment comes as TD Synnex announced a reduction in its fiscal year 2025 guidance, reflecting caution due to broader economic conditions. Additionally, the company's refreshed medium-term Total Shareholder Return (TSR) target has fallen slightly short of Barclays' prior expectations.
During these engagements, TD Synnex also provided incremental disclosures regarding its Hyve operations. The company continues to focus on broadening its customer base, aligning with its strategic growth initiatives.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for TD Synnex Corp (SNX, Financial) is $140.59 with a high estimate of $165.00 and a low estimate of $125.00. The average target implies an upside of 38.04% from the current price of $101.85. More detailed estimate data can be found on the TD Synnex Corp (SNX) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, TD Synnex Corp's (SNX, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for TD Synnex Corp (SNX, Financial) in one year is $122.79, suggesting a upside of 20.56% from the current price of $101.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the TD Synnex Corp (SNX) Summary page.
