Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
In a remarkable display of market confidence, Synnex Corporation (SNX) stock has reached an all-time high, touching a price level of $143.83. The company’s financial health score on InvestingPro is rated as "GOOD," with particularly strong momentum and relative value metrics. According to InvestingPro analysis, the stock appears undervalued at current levels. This milestone underscores a period of robust performance for the IT services and product reseller, which has seen an impressive 1-year change of 42.94%. The company has demonstrated strong fundamentals with a 25.7% dividend growth and management actively buying back shares. Investors have rallied behind Synnex, propelling the stock to unprecedented heights as the company continues to capitalize on the growing demand for IT solutions and services. The all-time high represents not just a peak for the past 52 weeks, but the highest price point the stock has ever achieved, marking a significant moment in Synnex’s financial history. For deeper insights into SNX’s valuation and growth potential, including 15+ additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, TD SYNNEX (NYSE:SNX) Corporation has been making noteworthy strides in the financial sector. The IT distribution and solutions company reported an adjusted earnings per share of $3.09 in the fourth quarter, surpassing the consensus estimate of $3.06. Additionally, TD SYNNEX reported revenue of $15.84 billion, beating analysts’ projections of $15.25 billion, with a 10% YoY rise in Q4 revenue driven by growth in both its Advanced Solutions and Endpoint Solutions portfolios.
In other developments, Hau Lee, a member of the Board of Directors at TD SYNNEX, is set to retire at the company’s 2025 Annual Meeting of Stockholders, marking the end of his tenure which began in 2012. The company has not provided further details on Lee’s successor or the transition plan following his retirement.
In terms of analyst ratings, Loop Capital and Raymond (NSE:RYMD) James have maintained positive ratings on TD SYNNEX. Raymond James analyst Adam Tindle and BofA Securities have both raised the price target to $150. Looking forward, TD SYNNEX expects Q1 revenue to fall between $14.4 billion and $15.2 billion, compared to the $14.76 billion consensus. The company also forecasted Q1 adjusted EPS of $2.65 to $3.15, versus analyst estimates of $2.95. These recent developments highlight TD SYNNEX’s strong financial performance and potential for continued growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.