Figma Shares Indicated To Open $105/$110
T.D. Synnex Corp (NYSE:SNX) stock reached a significant milestone, hitting an all-time high of $149.71. According to InvestingPro analysis, the company currently trades below its Fair Value, suggesting potential upside remains despite the recent peak. This achievement comes as the company’s stock has experienced a notable 1-year change, appreciating by 25.53%. The rise to this all-time high underscores the company’s robust performance and investor confidence over the past year, supported by a healthy P/E ratio of 17.4x and consistent dividend payments for 12 consecutive years. InvestingPro data reveals 14+ additional insights about SNX’s financial health and growth prospects. As T.D. Synnex continues to expand its market presence and capitalize on growth opportunities, the stock’s upward trajectory reflects the positive sentiment surrounding its strategic initiatives and financial health, with management actively buying back shares and maintaining a strong 6.7% gross profit margin.
In other recent news, TD SYNNEX reported strong financial results for the second quarter of fiscal year 2025, surpassing analysts’ expectations. The company achieved non-GAAP diluted earnings per share of $2.99, exceeding the forecasted $2.71, and generated revenue of $14.95 billion, which was higher than the anticipated $14.3 billion. Additionally, TD SYNNEX has acquired Apptium, a software development company, to enhance its cloud commerce capabilities and expand its technology solutions orchestration strategy. This acquisition is expected to strengthen TD SYNNEX’s cloud and everything-as-a-service offerings.
Analysts have responded positively to these developments. Loop Capital raised its price target for TD SYNNEX to $160 from $150, maintaining a Buy rating, citing the company’s strong performance in revenue and earnings per share growth. UBS also reiterated its buy rating and increased its price target to $154.00 from $138.00, highlighting the company’s double-digit billings growth across its business segments. The company’s Advanced Solutions billings increased by 12%, while Endpoint billings rose 13%. These recent developments reflect TD SYNNEX’s solid financial performance and strategic growth initiatives.
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