UBS Reiterates Buy Rating on TD Synnex (SNX)

UBS analyst David Vogt reiterated a Buy rating and $193.00 price target on TD Synnex (NYSE: SNX).

The analyst commented, "Strong Hyve momentum driven by the company's two hyperscaler customers and strong PC demand should drive a beat to our 'gross billings', rev and EPS ests in our view. Specifically, Meta capex strength (expected to be up 60%-85% in CY26) and a combination of the Win 11 refresh / DRAM/NAND shortages should be key drivers of upside in the qtr. Furthermore, industry checks point to modestly better demand for CPU based servers and storage than previously expected."

For an analyst ratings summary and ratings history on TD Synnex click here. For more ratings news on TD Synnex click here.

Shares of TD Synnex closed at $163.62 yesterday.

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