Raymond James raised the firm’s price target on TD Synnex (SNX) to $175 from $160 and keeps a Strong Buy rating on the shares following Q3 results and Q4 guidance that featured upside to revenue and EPS, though FY25 free cash flow is now expected to be 800M vs prior expectations of $1.1B. While the firm is “admittedly disappointed” that the free cash flow may fall below $1B for the first time in two years, it does think the rationale for this makes sense for longer term shareholders.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNX:
- Starbucks announces restructuring, CoreWeave expands OpenAI pact: Morning Buzz
- Morning Movers: CarMax slips following second quarter results
- Options Volatility and Implied Earnings Moves Today, September 25, 2025
- TD Synnex reports Q3 adjusted gross billings $22.7B, up 12.1% y/y
- TD Synnex sees Q4 adjusted gross billings $23B-$24B