Goldman Sachs Reiterates Buy Rating on TD SYNNEX

Goldman Sachs has reiterated its buy rating on TD SYNNEX Corporation (NYSE:SNX), maintaining a price target of $300. This update came on June 12, 2026, from analyst Michael Ng. Shares of TD SYNNEX were trading at $280.65 at the time of the report.

Other Institutional Activity in TD SYNNEX

Several major funds have been active in TD SYNNEX recently. BlackRock, Inc. grew its holdings by 92,605 shares, ending with 7,291,767 shares worth about $1.23 billion. FMR LLC added 651,671 shares, bringing its total to 5,561,264 shares valued at approximately $938.24 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both reported new positions, each holding 4,158,696 and 3,282,979 shares, respectively. Meanwhile, Brave Warrior Advisors, LLC reduced its stake by 109,595 shares, now holding 3,053,644 shares valued at $515.18 million.

TD SYNNEX Stock Snapshot

Shares of NYSE:SNX traded near $280.65. TD SYNNEX has a market cap of $22.63 billion, a P/E ratio of 23.37, and a forward P/E of 14.76. The stock has a 52-week low of $123.28 and a high of $286.25, with a 50-day moving average of $233.53 and a 200-day moving average of $174.73. The company's current ratio is 1.22, with a quick ratio of 0.67 and a debt-to-equity ratio of 58.73.

Recent Earnings

TD SYNNEX reported revenue of $65.14 billion with a growth rate of 18.1%. The company achieved an EPS of $12.01, a net margin of 1.51%, and a return on equity of 11.73%. The next earnings report is expected on June 25, 2026.

Dividend

TD SYNNEX pays an annual dividend rate of $1.92, yielding 0.68% with a payout ratio of 14.99%.

Insider Buying and Selling at TD SYNNEX Corporation

Recent insider transactions at TD SYNNEX involved planned sales by Richard Hume, who sold 5,000 shares on June 2, 2026, at an average price of $280.38, and Dennis Polk, who sold 2,500 shares on May 15, 2026, at $230.37. Other insiders, including Merline Saintil and Reyna Thompson, also executed sales in late April and early May.

Analysts Set New Price Targets

On June 12, 2026, Goldman Sachs maintained its buy rating for TD SYNNEX with a $300 price target. RBC Capital and UBS both reiterated their buy ratings, setting targets at $315 and $310, respectively, earlier in June. The consensus rating remains a buy, with a mean price target of $265.09 among 11 analysts.

About TD SYNNEX

TD SYNNEX Corporation is a major distributor and solutions aggregator in the IT industry, providing a wide range of endpoint and advanced solutions, including cloud services and logistics support. The company serves various clients such as value-added resellers and system integrators. Headquartered in Fremont, California, and led by CEO Patrick Zammit, TD SYNNEX employs about 24,000 people worldwide.

Bottom Line

Goldman Sachs' reaffirmation of a buy rating with a $300 target reflects ongoing confidence in TD SYNNEX's performance. With a robust market presence and recent institutional interest, investors will be watching the company's upcoming earnings closely. As always, remember that these analyst ratings are backward-looking and may not reflect future market conditions.