TD SYNNEX Corporation ( (SNX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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TD SYNNEX Corporation’s stock is on the rise due to positive analyst sentiment after the company reported better-than-expected revenue and earnings per share for Q3. Despite some worries about lower free cash flow projections for FY25, analysts remain optimistic about the company’s long-term growth. This confidence, along with TD SYNNEX’s strategic positioning in high-growth tech areas and robust financial performance, has led to increased price targets.
More about TD SYNNEX Corporation
YTD Price Performance: 29.55%
Average Trading Volume: 690,623
Technical Sentiment Signal: Buy
Current Market Cap: $12.4B
For further insights into SNX stock on TipRanks’ Stock Analysis page.
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