TD Synnex (NYSE:SNX) - A Leading IT Distributor with Strong Growth Potential

TD Synnex (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. The company provides a wide range of technology products and services, catering to various industries. As a major player in the IT distribution sector, TD Synnex competes with other large firms like Ingram Micro and Arrow Electronics.

On June 25, 2025, David Paige from RBC Capital set a price target of $145 for SNX, which was trading at $137.79 at the time. This suggests a potential price increase of approximately 5.23%. The analysis, published by Benzinga, highlights the growth potential of TD Synnex, despite facing short-term margin pressures.

The company's recent upgrade to a "buy" rating follows its strong second-quarter 2025 results. These results demonstrated broad-based growth, strong execution, and improved demand visibility. The turnaround of Hyve and new transparency have resolved significant overhangs, with demand resuming from major customers, contributing to clear growth.

TD Synnex's aggressive capital returns through buybacks and dividends are supporting the stock. These actions are aiding in achieving the company's target of double-digit EPS growth. The stock has experienced a price change of $0.91, reflecting a percentage increase of 0.66%, with a current price of $137.79.

The stock has fluctuated between a low of $133.75 and a high of $138.08 today. Over the past year, SNX has reached a high of $145.10 and a low of $92.23. The company's market capitalization is approximately $11.56 billion, with a trading volume of 1,569,971 shares.