In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on TD SYNNEX Corporation, with a price target of $156.00.
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Vincent Colicchio has given his Buy rating due to a combination of factors that highlight TD SYNNEX Corporation’s strong financial outlook and market position. The company is expected to report a year-over-year increase in revenue and non-GAAP gross billings for the fiscal third quarter of 2025, indicating steady growth. Additionally, the anticipated adjusted EBITDA is projected to surpass consensus forecasts, reflecting an 8% year-over-year increase and a sequential rise, which suggests operational efficiency and profitability.
Furthermore, TD SYNNEX is poised to benefit from robust demand in the second half of fiscal 2025, particularly in endpoint and advanced solutions. The demand for PCs, driven by an upgrade cycle, and advanced solutions like cloud and software, underscores the company’s strategic positioning in high-growth technology segments. With a 12-month price target set at $156, based on a multiple of the fiscal 2025 adjusted EBITDA forecast, Colicchio’s recommendation is supported by the company’s innovative role in the IT ecosystem and its extensive global reach.
According to TipRanks, Colicchio is a 5-star analyst with an average return of 10.4% and a 55.96% success rate. Colicchio covers the Technology sector, focusing on stocks such as Asure, Insight Enterprises, and TD SYNNEX Corporation.
In another report released on September 18, Morgan Stanley also maintained a Buy rating on the stock with a $173.00 price target.