Morgan Stanley Reiterates Buy Rating for TD SYNNEX with $341 Target
Morgan Stanley has reaffirmed its buy rating on TD SYNNEX, setting a price target of $341, a 23.60% upside from the current price.
Key Points
- Morgan Stanley reiterated its buy rating on TD SYNNEX (NYSE:SNX) with a $341 price target on June 23, 2026.
- Morgan Stanley's $341 price target implies 23.60% upside from TD SYNNEX Corporation's ($SNX) current $275.90 share price.
- Shares of TD SYNNEX traded near $282.6 on Tuesday, with a market cap of approximately $22.8 billion and a P/E ratio of 23.59.
- Insiders at TD SYNNEX have been selling shares, including Richard Hume who sold 5,000 shares on June 2, 2026.
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Morgan Stanley reiterated its buy rating on TD SYNNEX Corporation (NYSE:SNX) on June 23, 2026. The firm set a price target of $341, as analyst Erik Woodring maintained his positive outlook on the company.
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TD SYNNEX Corporation Stock Up 9.1%
Shares of TD SYNNEX traded near $282.6 on Tuesday. The company has a market cap of about $22.8 billion and a P/E ratio of 23.59. Its forward P/E stands at 14.85, indicating expectations of earnings growth. The stock's 52-week range is between $123.84 and $291.01, with a 50-day moving average of $240.71 and a 200-day moving average of $177.43. The company has a beta of 1.436, showing its relative volatility compared to the market.
$SNX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
TD SYNNEX reported revenue of approximately $65.1 billion, with a growth rate of 18.1%. Its net margin is 1.51%, and the return on equity (ROE) is 11.73%. The company is set to announce its next earnings on June 25, 2026.
Dividend
TD SYNNEX pays an annual dividend rate of $1.92, yielding 0.67%. The dividend payout ratio is 14.99%, indicating a conservative payout policy.
Insider Buying and Selling at TD SYNNEX Corporation
Insider transactions at TD SYNNEX show planned sales by executives. On June 15, 2026, Dennis Polk, Chair of Hyve Solutions, sold 2,500 shares at an average price of $284.33. Richard Hume also sold 5,000 shares at $280.38 on June 2, 2026, as part of a planned transaction.
Analysts Set New Price Targets
On June 23, 2026, Morgan Stanley maintained its buy rating with a $341 price target. Other firms like Barrington Research and UBS also maintained buy ratings with targets of $202 and $310, respectively. Overall, the consensus among 11 analysts is a buy, with a mean target price of $269.82.
About TD SYNNEX
TD SYNNEX Corporation, headquartered in Fremont, California, is a major distributor and solutions aggregator in the IT sector. It provides a wide range of products, including personal computing devices and data center technologies, to customers worldwide. The company, led by CEO Mr. Patrick Zammit, employs about 24,000 people and has been a key player in the technology distribution industry since its founding in 1980.
Bottom Line
Morgan Stanley's reaffirmation of its buy rating and the $341 price target reflect confidence in TD SYNNEX's ongoing performance. Investors often track such analyst updates for insights into market sentiment. It's important to remember that analyst ratings are forward-looking assessments based on available data and projections.
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