Jun. 23 at 11:30 AM
$SNX TD Synnex price target raised to
$341 from
$271 at Morgan Stanley
Morgan Stanley analyst Erik Woodring raised the firm's price target on TD Synnex to
$341 from
$271 and keeps an Overweight rating on the shares. Dell (DELL) and HPE (HPE) earnings illustrate how enterprise server demand is proving far more inelastic than expected despite significant price increases given compute shortages, refresh activity, and growing AI-related infrastructure needs, the analyst tells investors. Street estimates for 2026 and 2027 "look too low," adds the analyst, who is raising EPS estimates 5%-6% for compute exposed names.
