Ingram Micro (INGM) PT Raised to $33 at RBC Capital

RBC Capital analyst David Paige raised the price target on Ingram Micro (NYSE: INGM) to $33.00 (from $24.00) while maintaining a Outperform rating.

The analyst comments "INGM sits at the intersection of an AI enabler through its distribution of hardware, networking, GPUs, and AI infrastructure products, and an AI beneficiary both internally and externally via Xvantage, which leverages data and AI to drive growth without incremental opex. Our increased price target and multiple reflect these tailwinds. Our raised 1Q26 estimate, above consensus and guidance, is driven by PC strength from pull-forward demand ahead of ASP increases and supply chain disruptions. Momentum in AI infrastructure and GPU deals represents a strategically important opportunity as AI becomes increasingly accessible beyond Enterprise to SMBs."

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