These Analysts Boost Their Forecasts On TD Synnex After Upbeat Q2 Results

Benzinga06-26

TD SYNNEX Corp. (NYSE:SNX) on Thursday reported upbeat fiscal second-quarter results.

Revenue increased 31% year over year to $19.58 billion, exceeding the analyst consensus estimate of $16.80 billion.

GAAP diluted earnings per share rose to $4.15 from $2.21 a year earlier. Non-GAAP diluted EPS increased 62.2% to $4.85, topping analysts’ estimate of $4.14.

For the fiscal third quarter, TD SYNNEX expects revenue of $18.2 billion to $19.0 billion, above the analyst consensus estimate of $16.83 billion.

The company forecasts non-GAAP gross billings of $27.2 billion to $28.2 billion, GAAP diluted EPS of $3.40 to $3.90, above the $3.04 estimate, and non-GAAP diluted EPS of $4.25 to $4.75, exceeding the consensus estimate of $4.03.

TD SYNNEX shares fell 2.4% to trade at $271.04 on Friday.

These analysts made changes to their price targets on TD SYNNEX following earnings announcement.

Morgan Stanley analyst Erik Woodring maintained the stock with an Overweight rating and raised the price target from $341 to $374.
Barrington Research analyst Vincent Colicchio maintained the stock with an Outperform rating and raised the price target from $202 to $325.

Considering buying SNX stock? Here’s what analysts think:

Photo via Shutterstock

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Non-GAAP diluted EPS increased 62.2% to $4.85, topping analysts’ estimate of $4.14.</p>\n<p>For the fiscal third quarter, TD SYNNEX expects revenue of $18.2 billion to $19.0 billion, above the analyst consensus estimate of $16.83 billion.</p>\n<p>The company forecasts non-GAAP gross billings of $27.2 billion to $28.2 billion, GAAP diluted EPS of $3.40 to $3.90, above the $3.04 estimate, and non-GAAP diluted EPS of $4.25 to $4.75, exceeding the consensus estimate of $4.03.</p>\n<p>TD SYNNEX shares fell 2.4% to trade at $271.04 on Friday.</p>\n<p>These analysts made changes to their price targets on TD SYNNEX following earnings announcement.</p>\n<ul>\n<li>Morgan Stanley analyst Erik Woodring maintained the stock with an Overweight rating and raised the price target from $341 to $374.</li>\n<li>Barrington Research analyst Vincent Colicchio maintained the stock with an Outperform rating and raised the price target from $202 to $325.</li>\n</ul>\n<p><strong>Considering buying SNX stock? 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(NYSE:SNX) on Thursday reported upbeat fiscal second-quarter results.</p>\n<p>Revenue increased 31% year over year to $19.58 billion, exceeding the analyst consensus estimate of $16.80 billion.</p>\n<p>GAAP diluted earnings per share rose to $4.15 from $2.21 a year earlier. 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Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"453\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/26103307/image-740-1024x453.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/26103307/image-740-1024x453.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/26103307/image-740-300x133.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/26103307/image-740-768x340.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/26103307/image-740.png 1222w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0345770993.USD","symbol_name":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/06/60128214/these-analysts-boost-their-forecasts-on-td-synnex-after-upbeat-q2-results","article_id":"2646656323","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646656323","pubTimestamp":1782484447,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"TD SYNNEX Corp (NYSE:SNX) reported strong Q2 results with revenue of $19.58B &amp; EPS of $4.85, beating estimates. 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Non-GAAP diluted EPS increased 62.2% to $4.85, topping analysts’ estimate of $4.14.\nFor the fiscal third quarter, TD SYNNEX expects revenue of $18.2 billion to $19.0 billion, above the analyst consensus estimate of $16.83 billion.\nThe company forecasts non-GAAP gross billings of $27.2 billion to $28.2 billion, GAAP diluted EPS of $3.40 to $3.90, above the $3.04 estimate, and non-GAAP diluted EPS of $4.25 to $4.75, exceeding the consensus estimate of $4.03.\nTD SYNNEX shares fell 2.4% to trade at $271.04 on Friday.\nThese analysts made changes to their price targets on TD SYNNEX following earnings announcement.\n\nMorgan Stanley analyst Erik Woodring maintained the stock with an Overweight rating and raised the price target from $341 to $374.\nBarrington Research analyst Vincent Colicchio maintained the stock with an Outperform rating and raised the price target from $202 to $325.\n\nConsidering buying SNX stock? 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