
SYNNEX (SNX) Stock Forecast & Price Target
SYNNEX (SNX) Analyst Ratings
Bulls say
TD Synnex Corp demonstrated strong financial performance in fiscal Q3/25, with non-GAAP gross billings increasing by 12% year-over-year on a reported basis. For fiscal Q4/25, management is optimistic, projecting non-GAAP gross billings to reach between $23.0 billion and $24.0 billion, representing an 11% increase year-over-year at the midpoint, alongside an anticipated non-GAAP EPS increase of 20%. Additionally, fiscal Q4/25 reflects a further acceleration in growth, with gross billings expected to rise by 15% year-over-year on a reported basis, indicating robust demand and effective execution within its IT distribution and solutions aggregation business model.
Bears say
TD Synnex Corp has reduced its fiscal 2026 non-GAAP earnings per share forecast and expects free cash flow for fiscal 2025 to decline significantly to $800 million from a prior estimate of $1.1 billion. The company's revenue from its geographical segments, including the Americas, Europe, and Asia-Pacific, experienced declines due to changes in product mix, resulting in negative impacts on sales, particularly in the APJ region, which saw a 10% decrease. Additionally, the company's stock is trading at an enterprise value to adjusted EBITDA multiple of 7.2x, which is 12% lower than the peer group average, indicating potential undervaluation despite these concerning financial forecasts.
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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