Stock of the Day

October 7, 2022

TD SYNNEX (SNX)

$252.67
-$1.30 (-0.5%)
Market Cap: $20.31B

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components. It also provides systems design and rack integration, build-to-order, and configure-to-order assembly; and thermal testing, power-draw testing, burn-in, and quality and logistics support. In addition, the company offers outsourced fulfillment, virtual distribution, and direct ship to end-users; shipping documents generation, multi-level serial number tracking, and configured products and online order and shipment tracking, as well as turn-key logistics solutions. Further, it provides public cloud solutions in productivity and collaboration, IaaS, or Infrastructure as a Service, PaaS, or Platform as a Service, SaaS, or Software as a Service, security, mobility, IoT, and other hybrid solutions. Additionally, the company offers online services; provides net terms, third party leasing, floor plan financing, and letters-of-credit backed financing and arrangement; and leases products and provides device-as-a-service, as well as offers direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was founded in 1974 and is headquartered in Fremont, California.

Today's Trend

TD SYNNEX Corporation (NYSE: SNX) is getting a lift from a wave of upbeat analyst revisions after Zacks Research sharply increased its earnings forecasts across multiple future periods and reaffirmed a Strong-Buy rating.

  • Zacks Research raised its EPS estimates for TD SYNNEX across FY2026, FY2027, and FY2028, signaling stronger expected profitability and supporting the stock’s outlook.
  • The biggest upgrade came in FY2028, where Zacks now sees $26.10 EPS versus a prior estimate of $17.40, a notable jump that suggests much stronger long-term earnings power.
  • Nearer-term estimates were also raised, including Q3 2026 EPS to $4.40, Q4 2026 EPS to $4.37, and FY2026 EPS to $17.96, indicating improving fundamentals over the next several quarters.
  • Zacks also boosted its forecasts for FY2027 EPS to $20.53 and multiple quarterly estimates in 2027–2028, reinforcing the view that earnings momentum could remain strong. TD SYNNEX stock page

Overall, SNX appears to be rising because investors are reacting to higher earnings expectations and a very bullish analyst stance, which can improve sentiment toward the stock even without any new company announcement.

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