UBS Reiterates Buy Rating for TD SYNNEX, Sets $310 Target
UBS analyst David Vogt maintains a buy rating on TD SYNNEX with a $310 target price.
Key Points
- UBS analyst David Vogt reiterated a buy rating for TD SYNNEX (NYSE:SNX) with a $310 price target on June 9, 2026.
- TD SYNNEX shares traded at $280.65 with a market cap of $22.63 billion and a P/E ratio of 23.37.
- Other analysts, including Goldman Sachs and RBC Capital, also maintain buy ratings with targets of $300 and $315 respectively.
UBS analyst David Vogt reaffirmed his buy rating on TD SYNNEX Corporation (NYSE:SNX) with a price target of $310, according to a report on June 9, 2026. This move suggests confidence in the company's performance and potential growth.
TD SYNNEX Stock Snapshot
Shares of TD SYNNEX were trading at $280.65. The company has a market capitalization of approximately $22.63 billion and a P/E ratio of 23.37. Its forward P/E stands at 14.76, indicating expectations of future earnings growth. The stock's beta is 1.436, reflecting its volatility relative to the market. Over the past 52 weeks, TD SYNNEX has traded between $123.28 and $286.25, with a 50-day moving average of $233.53 and a 200-day moving average of $174.73.
Recent Earnings
In its recent financial results, TD SYNNEX reported revenue of $65.14 billion, with a revenue 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 offers a dividend rate of $1.92 per share, yielding 0.68% annually. The dividend payout ratio is 14.99%, indicating a conservative approach to returning capital to shareholders.
Insider Buying and Selling at TD SYNNEX Corporation
Several insiders have recently sold shares of TD SYNNEX. Richard Hume sold 5,000 shares on June 2, 2026, at an average price of $280.38, in a planned transaction. Earlier, on May 18, 2026, he sold another 5,000 shares at $229.54. Dennis Polk, Chair of Hyve Solutions, sold 2,500 shares on May 15, 2026, at $230.37 in a planned move. Other insiders like Merline Saintil and Reyna Thompson also sold shares in recent months.
Analysts Set New Price Targets
On June 9, 2026, UBS maintained its buy rating on TD SYNNEX with a $310 price target. Previously, on June 10, RBC Capital also reiterated a buy rating with a target of $315. Goldman Sachs maintained a buy rating with a $300 target on June 12. The consensus among analysts is a buy rating, with a mean target price of $265.09 based on 11 opinions.
About TD SYNNEX
TD SYNNEX Corporation, based in Fremont, California, is a key player in the technology sector, specifically in electronics and computer distribution. The company provides a wide range of IT products and services, including endpoint solutions, data center technologies, and cloud services. With a workforce of about 24,000 employees, TD SYNNEX serves a global clientele, offering solutions in areas such as logistics, repair, and marketing.
Bottom Line
TD SYNNEX continues to garner positive attention from analysts, with UBS and others maintaining a buy rating. The company's robust financial performance and strategic position in the technology distribution sector are key factors that investors are watching. As always, it's important to remember that analyst ratings and 13F filings are backward-looking and may not reflect the current market conditions.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.