Key Takeaways From TD Synnex Analyst Ratings
Portfolio Pulse from Benzinga Insights
TD Synnex (NYSE:SNX) has received consistent 'Indifferent' ratings from 4 analysts over the past three months, with a positive shift in the 12-month price target to $113.5, up 5.58% from $107.50. Analysts from Barclays, CFRA, RBC Capital, and JP Morgan have raised their price targets, reflecting a cautiously optimistic outlook despite TD Synnex's recent financial challenges, including a -11.33% revenue decline and below-industry-standard profitability metrics.
March 27, 2024 | 1:00 pm
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POSITIVE IMPACT
TD Synnex has seen a positive shift in analyst sentiment with raised price targets despite facing revenue decline and profitability challenges. The average 12-month price target has been increased to $113.5.
The increase in the average price target by analysts, despite TD Synnex's recent financial performance issues, suggests a cautiously optimistic outlook for the stock. This could be due to the analysts' expectations of a recovery or improvement in the company's financials in the near term. The unanimous decision to raise price targets, despite the company's challenges, indicates a belief in the company's potential to overcome current hurdles.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100