Key Highlights:
- TD SYNNEX (SNX, Financial) expands its cloud and service capabilities through the acquisition of software firm Apptium.
- Analyst consensus indicates a potential upside for SNX shares, with a target price suggesting growth.
- GuruFocus estimates show a divergence in valuation, indicating potential market volatility.
TD SYNNEX (SNX) has strategically acquired Apptium, a prominent software company, to enhance its cloud and service portfolio. Apptium will continue to operate as a distinct entity, reinforcing TD SYNNEX’s tech solutions orchestration and expediting revenue growth for its partners.
Wall Street Analysts Forecast
According to predictions from 11 analysts for the upcoming year, TD Synnex Corp (SNX, Financial) has an average price target of $150.91. The projections vary, with a high estimate of $160.00 and a low estimate of $135.00. These figures suggest an upside of 11.21% from the present share price of $135.70. Investors can explore more detailed projections on the TD Synnex Corp (SNX) Forecast page.
Consensus from 13 brokerage firms places TD Synnex Corp’s (SNX, Financial) average recommendation at 1.8, signaling an "Outperform" rating. This rating system ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
GuruFocus estimates present a slightly different picture, with the projected GF Value for TD Synnex Corp (SNX, Financial) over the next year calculated at $124.33. This suggests a downside of 8.38% from the current price of $135.70. The GF Value is GuruFocus' fair value estimate, derived from historical trading multiples, past business growth, and future performance forecasts. For a comprehensive analysis, visit the TD Synnex Corp (SNX) Summary page.