
SYNNEX (SNX) Stock Forecast & Price Target
SYNNEX (SNX) Analyst Ratings
Bulls say
TD Synnex Corp exhibited strong financial performance, highlighted by Hyve's substantial growth with adjusted gross billings soaring 95% year-over-year to approximately $3.8 billion, driven primarily by increased demand for personal computing devices and premium products. The company demonstrated improved operating margins across its geographical segments, with the Americas, Europe, and APJ each reporting year-over-year increases in non-GAAP operating margins, suggesting operational efficiency and profitability enhancement. Furthermore, management's favorable fiscal Q2/26 guidance anticipates non-GAAP gross billings to rise by 15% year-over-year at the midpoint, alongside significant expected increases in revenue and earnings per share, reinforcing a positive outlook for the company's financial future.
Bears say
TD Synnex is projected to experience flat adjusted EBITDA margins of 2.9% for both fiscal Q1/25 and Q1/26, with a decline from 3.0% in fiscal Q4/25, indicating a concerning trend in profitability. The company's gross margins remain stagnant at 6.9% year-over-year and sequentially, suggesting a lack of pricing power and potential market challenges. Additionally, the stock is trading at an enterprise value to estimated fiscal 2026 adjusted EBITDA multiple of 0.7x, which is significantly lower than the peer group average and reflects investor concerns over slower growth and various macroeconomic risks.
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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