Morgan Stanley Reiterates Buy Rating on TD SYNNEX
Morgan Stanley maintains a buy rating for TD SYNNEX with a $374 target, a 38.97% upside from the current price.
Key Points
- Morgan Stanley reiterated its buy rating on TD SYNNEX (SNX) with a price target of $374 on June 26, 2026.
- Morgan Stanley's $374 price target implies 38.97% upside from TD SYNNEX Corporation's ($SNX) current $269.12 share price.
- Shares of NYSE:SNX traded near $275.9 on Friday with a market cap of approximately $22.38 billion and a P/E ratio of 19.9.
- Several insiders, including Dennis Polk and Richard Hume, sold shares in planned transactions in May and June 2026.
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Morgan Stanley has reiterated its buy rating for TD SYNNEX Corporation (NYSE:SNX) with a price target of $374. Analyst Erik Woodring issued this update on June 26, 2026. Shares of TD SYNNEX traded near $275.9 on Friday.
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TD SYNNEX Corporation Stock Up 6.0%
Shares of NYSE:SNX traded around $275.9 on Friday. TD SYNNEX has a market cap of about $22.38 billion and a P/E ratio of 19.9. The stock's 52-week range extends from a low of $133.71 to a high of $296.47. It has a 50-day moving average of $247.19 and a 200-day moving average of $180.12. The company's current ratio stands at 1.22, with a quick ratio of 0.67, and a debt-to-equity ratio of 58.73.
$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 $65.14 billion, reflecting a growth rate of 18.1%. The company achieved an EPS of $13.94, with a net margin of 1.51% and a return on equity of 11.73%. The next earnings report is expected on June 25, 2026.
Dividend
TD SYNNEX pays an annual dividend rate of $1.92, yielding 0.68%. The payout ratio is 14.99%.
Insider Buying and Selling at TD SYNNEX Corporation
Several insiders have recently sold shares in planned transactions. Dennis Polk, Chair of Hyve Solutions, sold 2,500 shares on June 15, 2026, at an average price of $284.33. Richard Hume sold 5,000 shares on June 2, 2026, for $280.38, following another sale of 5,000 shares on May 18, 2026, at $229.54. Additionally, Merline Saintil sold 4,368 shares on May 4, 2026, at $229.26.
Analysts Set New Price Targets
On June 26, 2026, Morgan Stanley maintained its buy rating on TD SYNNEX with a $374 price target. Barrington Research, Goldman Sachs, and RBC Capital also maintained buy ratings with targets of $202, $300, and $315, respectively. The consensus rating for TD SYNNEX is a buy, with an average target price of $276.18 based on 11 analyst opinions.
About TD SYNNEX Corporation
TD SYNNEX Corporation, headquartered in Fremont, California, is a key player in the technology sector, specializing in electronics and computer distribution. The company provides a wide range of IT products and services including endpoint solutions, advanced data center technologies, and cloud services. Led by CEO Mr. Patrick Zammit, TD SYNNEX employs approximately 24,000 people globally, serving various resellers and service providers.
Bottom Line
Morgan Stanley's reiteration of a buy rating on TD SYNNEX with a high price target highlights confidence in the company's growth prospects. Investors often track such analyst ratings as they provide insights into potential future performance. However, it's important to remember that these ratings are based on past data and may not fully reflect future conditions.
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