Synnex stock touches 52-week low at $97.84 amid market shifts

In a challenging economic climate, Synnex Corporation (SNX) stock has recorded a new 52-week low, dipping to $97.84. According to InvestingPro data, the stock’s RSI indicates oversold territory, while trading at an attractive P/E ratio of 12.2x. This latest price level reflects a significant downturn from the previous year, with the company experiencing a 1-year change of -16.13%. Investors are closely monitoring Synnex’s performance as it navigates through the headwinds of market volatility and industry-specific pressures. The company’s ability to rebound from this low will be telling of its resilience and adaptability in the face of ongoing economic uncertainties. Notably, management has been actively buying back shares, and InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 11 additional exclusive insights available to subscribers.

In other recent news, TD Synnex reported its Q2 2025 earnings, which revealed a slight miss in earnings per share (EPS) and revenue expectations. The company posted an EPS of $2.80, falling short of the $2.91 forecast, and revenue came in at $14.53 billion, below the anticipated $14.79 billion. Despite these misses, TD Synnex demonstrated a 7.5% year-over-year increase in gross billings, with net revenue rising by 4% compared to the previous year. Analysts from BofA Securities maintained a Buy rating on TD Synnex, though they adjusted the price target from $150 to $135. Barclays (LON:BARC) also reduced its price target to $125 from $148, maintaining an Equalweight rating, while Raymond (NSE:RYMD) James cut its target to $125 but retained a Strong Buy rating. RBC Capital Markets held an Outperform rating with a $165 price target, noting TD Synnex’s ability to surpass the overall IT distribution market’s performance. The company continues to focus on profitable growth and free cash flow, projecting $1.1 billion in free cash flow for fiscal year 2025. Additionally, TD Synnex is set to host an Investor Day on April 10, where further insights into its strategy and performance are expected.

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