UBS initiated coverage on TD Synnex with a new price target
$SNX
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Technology
UBS initiated coverage of TD Synnex with a rating of Neutral and set a new price target of $105.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 10/4/2022 | $95.00 | Sector Perform | RBC Capital Mkts |
| 8/17/2022 | $115.00 | Neutral | Credit Suisse |
Revenue of $14.7 billion, at the upper end of our outlook of $13.3 - $14.9 billion. Non-GAAP gross billings(1) of $20.3 billion, above the high end of our outlook of $18.9 - $20.1 billion. Net income of $179 million, and non-GAAP net income(1) of $245 million, above the midpoint of our outlook. Diluted earnings per share ("EPS") of $2.08, and non-GAAP diluted EPS(1) of $2.86, above the midpoint of our outlook. Cash provided by operations of $386 million and free cash flow(1) of $339 million. Returned $91 million to stockholders in the form of $57 million of share repurchases and $34 million in dividends. Announced a quarterly cash dividend of $0.40 per common share, up 14% from
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the third quarter of fiscal 2024 before the U.S. market opens on Thursday, September 26, 2024. 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 ir.tdsynnex.com, 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're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology
Revenue of $13.9 billion, within our outlook of $13.3 - $14.9 billion. Non-GAAP gross billings(1) of $19.3 billion, at the upper end of our outlook of $18.4 - $19.6 billion. Gross margin and non-GAAP gross margin(1) of 6.98%, up 13 bps and 9 bps, respectively, from the prior fiscal second quarter. Net income of $144 million, and non-GAAP net income(1) of $237 million, within our outlook. Diluted earnings per share ("EPS") of $1.66, and non-GAAP diluted EPS(1) of $2.73, within our outlook. Returned $288 million to shareholders in the fiscal second quarter in the form of $254 million of share repurchases and $34 million in dividends, representing a 210% increase from the prior
10-Q - TD SYNNEX CORP (0001177394) (Filer)
8-K - TD SYNNEX CORP (0001177394) (Filer)
8-K - TD SYNNEX CORP (0001177394) (Filer)
Ratings for TD Synnex (NYSE:SNX) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 3 0 0 Last 30D 0 1 0 0 0 1M Ago 2 1 2 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $136.14, a high estimate of $150.00, and a low estimate of $123.00. Marking an increase of 2.25%, the current aver
TD Synnex (NYSE:SNX) has outperformed the market over the past 20 years by 6.04% on an annualized basis producing an average annual return of 14.54%. Currently, TD Synnex has a market capitalization of $9.84 billion. Buying $100 In SNX: If an investor had bought $100 of SNX stock 20 years ago, it would be worth $1,471.72 today based on a price of $115.09 for SNX at the time of writing. TD Synnex's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revie
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Schlumberger Limited (NYSE:SLB) from $71 to $66. Piper Sandler analyst Luke Lemoine maintained an Overweight rating. SLB shares gained 0.5% to close at $46.42 on Friday. See how other analysts view this stock. Oppenheimer boosted the price target for The Trade Desk, Inc. (NASDAQ:TTD) from $105 to $120. Oppenheimer analyst Jason Helfstein maintained an Outperform rating. Trade Desk shares gained 0.9% to close at $99.44 on Friday. See how other analysts view thi
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
SC 13G/A - TD SYNNEX CORP (0001177394) (Subject)
4 - TD SYNNEX CORP (0001177394) (Issuer)
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Raja Appointed Senior Vice President of Hyperscaler and Marketplace in North America TD SYNNEX (NYSE:SNX) announced today the appointment of industry veteran Tanuj Raja as Senior Vice President, North America Hyperscaler and Marketplace. Raja joins TD SYNNEX from Google and brings a wealth of expertise in marketplace strategies, digital transformation, and Telecom and Edge ecosystems. "We are thrilled to welcome Tanuj to TD SYNNEX and to help our partners capitalize on digital opportunities in new ways," said Reyna Thompson, Incoming North America President at TD SYNNEX. "At TD SYNNEX, we empower our partners to scale across diverse customer segments by providing comprehensive enablement
New program empowers North American partners to build their AI practice through tailored support TD SYNNEX, (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the launch of its Destination AI™ Practice Accelerator in North America to fast-track AI go-to-market efforts and monetization for partners. The program provides personalized support to partners looking to deliver specialized AI solutions to their customers. According to TD SYNNEX's recently released Direction of Technology report, partners are rapidly increasing investments in AI, with nearly half of all channel partners planning to offer AI-driven solutions in the next two years
MUNICH, Germany, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Acronis, a global leader in cybersecurity and data protection, is excited to announce its latest Acronis #TeamUp Partner, FC Bayern Munich Basketball. In partnership with TD SYNNEX Germany, a leading global distributor and aggregator of solutions for the IT ecosystem, the German Basketball champion will leverage Acronis' solutions to uplevel its IT infrastructure and capabilities. "We are proud to join forces with Bayern Munich and TD SYNNEX," said Markus Fritz, General Manager DACH at Acronis. "At Acronis, our focus is on delivering comprehensive cyber protection solutions. With an emphasis on expanding our presence in Germany, partneri
RBC Capital Mkts upgraded TD Synnex from Sector Perform to Outperform and set a new price target of $140.00 from $135.00 previously
UBS upgraded TD Synnex from Neutral to Buy and set a new price target of $145.00 from $115.00 previously
JP Morgan downgraded TD Synnex from Overweight to Neutral and set a new price target of $113.00 from $112.00 previously
Opportunities Lie in AI Innovation, Hardware Investments and Strategic Partnership TD SYNNEX (NYSE:SNX) today released the North American results of its third-annual Direction of Technology Report, revealing that channel partners in the region are leading the way in AI innovation while simultaneously investing in hardware and working together to drive growth. "The North American results of this year's Direction of Technology Report point toward collaboration as the cornerstone of success for us all," said Reyna Thompson, incoming President, North America, at TD SYNNEX. "Nearly half of partners cited increasing competition and margin pressures as their top concern. As these challenges co
PSA Connectors and Commerce APIs Redefine Cloud Management Experience As part of its commitment to innovation and customer growth, TD SYNNEX (NYSE:SNX) is introducing several new powerful, customer-centric capabilities for StreamOne®, its global cloud platform. These features further solidify StreamOne® as the ultimate destination for Xaas innovation, empowering partners to grow and scale in a rapidly evolving digital landscape. "StreamOne® is more than just a marketplace – it is where all clouds meet," said Sergio Farache, Chief Strategy and Technology Officer at TD SYNNEX. "It is a complete platform that includes a marketplace function, and also adds functionality to enable a seamless
Raja Appointed Senior Vice President of Hyperscaler and Marketplace in North America TD SYNNEX (NYSE:SNX) announced today the appointment of industry veteran Tanuj Raja as Senior Vice President, North America Hyperscaler and Marketplace. Raja joins TD SYNNEX from Google and brings a wealth of expertise in marketplace strategies, digital transformation, and Telecom and Edge ecosystems. "We are thrilled to welcome Tanuj to TD SYNNEX and to help our partners capitalize on digital opportunities in new ways," said Reyna Thompson, Incoming North America President at TD SYNNEX. "At TD SYNNEX, we empower our partners to scale across diverse customer segments by providing comprehensive enablement