RBC Capital Keeps Their Buy Rating on TD SYNNEX Corporation (SNX)

RBC Capital analyst David Paige maintained a Buy rating on TD SYNNEX Corporation yesterday and set a price target of $180.00. The company’s shares closed yesterday at $158.43.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Paige is a 3-star analyst with an average return of 9.4% and a 72.22% success rate.

TD SYNNEX Corporation has an analyst consensus of Strong Buy, with a price target consensus of $178.57, implying a 12.71% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to a Buy with a $177.00 price target.

Based on TD SYNNEX Corporation’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $17.38 billion and a net profit of $248.41 million. In comparison, last year the company earned a revenue of $15.84 billion and had a net profit of $194.8 million

Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNX in relation to earlier this year. Earlier this month, Dennis Polk, the Chair, Hyve Solutions of SNX sold 20,000.00 shares for a total of $2,999,638.80.