Expert Outlook: TD Synnex Through The Eyes Of 7 Analysts
Portfolio Pulse from Benzinga Insights
TD Synnex (NYSE:SNX) received mixed ratings from 7 analysts, with an updated average 12-month price target of $127.57, reflecting an 11.48% increase from the previous target. The company's financial performance shows a revenue decline of -7.6% and below-average profitability metrics. Despite this, analysts have raised their price targets and ratings, indicating a cautiously optimistic outlook based on the company's market position and financial strategy.
April 16, 2024 | 3:00 pm
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TD Synnex's mixed analyst ratings and raised price targets suggest a cautiously optimistic outlook, despite recent financial challenges including a revenue decline and below-average profitability metrics.
The increase in the average 12-month price target by analysts reflects a positive adjustment in their outlook for TD Synnex, despite the company's recent revenue decline and below-average profitability metrics. This suggests that analysts see potential for recovery or growth not immediately apparent from recent financial results. The mixed ratings indicate a range of opinions, but the overall increase in price targets suggests a trend towards a more positive outlook. This could lead to increased investor confidence and potentially a short-term positive impact on SNX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100