TD Synnex downgraded by JP Morgan with a new price target
$SNX
Retail: Computer Software & Peripheral Equipment
Technology
JP Morgan downgraded TD Synnex from Overweight to Neutral and set a new price target of $113.00 from $112.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/11/2025 | $145.00 | Overweight | Morgan Stanley |
| 3/20/2025 | $138.00 → $156.00 | Outperform | Barrington Research |
| 7/15/2024 | $135.00 → $140.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/16/2024 | $115.00 → $145.00 | Neutral → Buy | UBS |
| 1/8/2024 | $112.00 → $113.00 | Overweight → Neutral | JP Morgan |
| 11/22/2023 | $105.00 | Neutral | UBS |
| 5/1/2023 | $101.00 | Buy | Goldman |
| 2/15/2023 | $109.00 | Equal Weight | Barclays |
First-of-its-kind apprenticeship program cultivates next-gen AI/ML talent to deliver real-world use cases that drive vendor and partner AI success TD SYNNEX (NYSE: SNX) today announced a strategic enhancement to its AI go-to-market approach, Destination: AI™, with AI Pioneers, a specialized apprenticeship program in North America designed to address the AI skills gap by fostering emerging AI/ML talent and connecting partners with real-world AI use cases that empower them to scale confidently. The first cohort kicked off earlier this year and included students specializing in AI/ML, computer science and data science. During the program, the AI Pioneers work closely with TD SYNNEX pre-sal
A milestone in TD SYNNEX's digital strategy, new comprehensive commerce features now available for North American partners, other regional availability coming soon TD SYNNEX (NYSE: SNX) today introduced TD SYNNEX PartnerFirst, an evolution of the customer digital experience that will bring together platforms and capabilities through a unified global framework with regional customization. An important milestone in the TD SYNNEX omnichannel digital strategy, PartnerFirst is designed to simplify processes and support partners throughout their journeys by integrating people, platform, services and more. "Digitalization is imperative to putting our partners first by leveraging cutting-edge t
Revenue of $15.7 billion, an increase of 6.6% year over year and above the high end of our outlook. On a constant currency(1) basis, revenue increased by 4.4% year over year. Non-GAAP gross billings(1) of $22.7 billion, an increase of 12.1% year over year and above the high end of our outlook. On a constant currency(1) basis, non-GAAP gross billings(1) increased by 10.1% year over year. Diluted earnings per share ("EPS") of $2.74 and non-GAAP diluted EPS(1) of $3.58, above the high end of our outlook. Cash provided by operations of $246 million and free cash flow(1) of $214 million. Returned $210 million to stockholders in the form of $174 million of share repurchases and $36 m
8-K - TD SYNNEX CORP (0001177394) (Filer)
8-K - TD SYNNEX CORP (0001177394) (Filer)
8-K - TD SYNNEX CORP (0001177394) (Filer)
4 - TD SYNNEX CORP (0001177394) (Issuer)
4 - TD SYNNEX CORP (0001177394) (Issuer)
4 - TD SYNNEX CORP (0001177394) (Issuer)
Morgan Stanley initiated coverage of TD Synnex with a rating of Overweight and set a new price target of $145.00
Barrington Research reiterated coverage of TD Synnex with a rating of Outperform and set a new price target of $156.00 from $138.00 previously
RBC Capital Mkts upgraded TD Synnex from Sector Perform to Outperform and set a new price target of $140.00 from $135.00 previously
Revenue of $15.7 billion, an increase of 6.6% year over year and above the high end of our outlook. On a constant currency(1) basis, revenue increased by 4.4% year over year. Non-GAAP gross billings(1) of $22.7 billion, an increase of 12.1% year over year and above the high end of our outlook. On a constant currency(1) basis, non-GAAP gross billings(1) increased by 10.1% year over year. Diluted earnings per share ("EPS") of $2.74 and non-GAAP diluted EPS(1) of $3.58, above the high end of our outlook. Cash provided by operations of $246 million and free cash flow(1) of $214 million. Returned $210 million to stockholders in the form of $174 million of share repurchases and $36 m
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the third quarter of fiscal 2025 before the U.S. market opens on Thursday, September 25, 2025. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at https://ir.tdsynnex.com/ir-home/default.aspx and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maxi
Apptium technology accelerates TD SYNNEX's multi-year development of the company's StreamOne platform, enhances its cloud commerce platform and simplifies complexity. The transaction strengthens TD SYNNEX's value proposition and brings important intellectual property with the addition of a strong company with expertise in the technology, communications, services and managed solutions industries. The addition of Apptium and its platform capabilities will allow TD SYNNEX partners to accelerate time to revenue, and modernize and manage their service offerings – including technology goods, as well as agentic AI, SaaS, IaaS and XaaS capabilities. TD SYNNEX (NYSE:SNX) today announced it
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
Michael Connaway to join as Chief Financial Officer in October 2025 Jeremy Evans promoted to Chief Accounting Officer effective September 1, 2025 Helios Technologies, Inc. (NYSE:HLIO) ("Helios" or the "Company"), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that Michael Connaway will be joining the Company as Chief Financial Officer and Jeremy Evans, Helios' Corporate Controller, will be promoted to the expanded role of Chief Accounting Officer. Mr. Connaway will assume the role when he joins the Company in October with the specific date to be determined. Effective with the appointment of Mr. Connaway,
TD SYNNEX (NYSE:SNX) welcomed Kenneth Lamneck to its Board of Directors (the "Board") at its 2025 annual meeting of stockholders in April 2025. The Board subsequently appointed him to be Chair of its Nominating and Corporate Governance Committee. A proven technology executive and seasoned board leader, Lamneck brings three decades of experience in business strategy and operations to TD SYNNEX's Board. He most recently served as President, Chief Executive Officer and board member of Insight Enterprises, Inc., and currently serves on the boards of Benchmark Electronics, Inc. and Fidelity National Information Services, Inc., in addition to TD SYNNEX. "I'm honored to join TD SYNNEX's experi
Seasoned SaaS and Artificial Intelligence (AI) veteran joins Siteimprove to drive the next phase ofinnovation and growth BELLEVUE, Wash. and COPENHAGEN, Denmark, March 4, 2025 /PRNewswire/ -- Siteimprove, the leading AI-powered SaaS-platform for delivering digital content experiences that are compliant and accessible, today announced that Nayaki Nayyar has been appointed Chief Executive Officer (CEO) and Board Member. Nayyar is a seasoned executive with over 25 years of deep industry experience in driving transformation, innovation and growth at large enterprise software comp