Morgan Stanley Rates TD SYNNEX (SNX) buy, $374 Price Target
Morgan Stanley has reiterated its buy rating for TD SYNNEX Corporation, setting a price target of $374, a 38.97% upside from the current price.
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Morgan Stanley rated TD SYNNEX Corporation ($SNX) "buy" with a $374 price target on June 26, 2026.
Since the rating, $SNX is down 10.3% after 1 week, down 7.8% after 1 month and down 7.2% to date (from the $265.75 close on Jun 26, 2026).
SNX
TD SYNNEX Corporation
Key Points
- Morgan Stanley reiterated its buy rating on TD SYNNEX Corporation (NYSE: SNX) with a price target of $374 on June 26, 2026.
- The stock is currently priced at $269.12, which is significantly lower than the new target, suggesting a potential upside for investors.
- The company has a market cap of about $22.4 billion and reported revenue growth of 31% in its last fiscal year.
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Morgan Stanley's Latest Rating Update
On June 26, 2026, Morgan Stanley reiterated its buy rating on TD SYNNEX Corporation (NYSE: SNX) and set a price target of $374. The stock is currently trading at $269.12, indicating a potential upside for investors. This follows a previous target of $341.00, reflecting an optimistic outlook from the firm.
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Analysts Set New Price Targets
Morgan Stanley isn't the only firm showing confidence in TD SYNNEX. On September 25, 2026, UBS maintained its Buy rating with a target of $379.00, up from $352.00. Morgan Stanley also maintained an Overweight rating with a target of $359.00 on the same day. Meanwhile, Barclays has kept its Equal-Weight rating, adjusting its target to $287.00 from $278.00 on September 8, 2026. This consensus among analysts indicates a generally positive sentiment towards the stock.
How TD SYNNEX Corporation Stock Has Traded
Currently, TD SYNNEX shares are trading at $269.12, which is near the lower end of its 52-week range of $142.22 to $296.47. The stock's performance suggests that it could be undervalued compared to the new analyst targets. Investors may find the gap between the current price and the target price noteworthy as it implies potential for growth.
$SNX price target
TD SYNNEX Corporation daily closes and this analyst's $374 target. Not advice.
Recent Earnings
In its most recent earnings report, TD SYNNEX posted revenue of approximately $69.8 billion, reflecting a 31% growth compared to the previous year. The company's net margin stood at 1.63%, and it reported earnings per share (EPS) of $13.95, indicating solid profitability. The next earnings report is scheduled for September 24, 2026, which could provide further insights into its financial health.
What TD SYNNEX Corporation Does
TD SYNNEX Corporation is a major distributor and solutions aggregator in the technology sector, providing a wide range of IT products and services globally. The company's diverse offerings include endpoint solutions and advanced data center technologies, positioning it well in the fast-evolving tech landscape.
What's Ahead for TD SYNNEX Corporation
Investors should watch for the upcoming earnings report on September 24, 2026, for further insights into TD SYNNEX's performance. The recent analyst ratings and price target adjustments reflect a positive outlook, but it's important to remember that these ratings are based on past performance and may not predict future results. Morgan Stanley's reiterated buy rating highlights confidence in the company's potential as it continues to navigate the technology distribution landscape.
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Source: Morgan Stanley's rating change on $SNX (Jun 26, 2026). Written by software, not financial advice. How we make alerts