Loop Capital Markets analyst Ananda Baruah maintained a Buy rating on TD SYNNEX Corporation (SNX – Research Report) today and set a price target of $120.00. The company’s shares opened today at $105.00.
Baruah covers the Technology sector, focusing on stocks such as Super Micro Computer, Cirrus Logic, and Apple. According to TipRanks, Baruah has an average return of 8.3% and a 52.76% success rate on recommended stocks.
In addition to Loop Capital Markets, TD SYNNEX Corporation also received a Buy from Barrington’s Vincent Colicchio in a report issued on January 10. However, on January 9, RBC Capital maintained a Hold rating on TD SYNNEX Corporation (NYSE: SNX).
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The company has a one-year high of $109.30 and a one-year low of $85.35. Currently, TD SYNNEX Corporation has an average volume of 502K.
Based on the recent corporate insider activity of 108 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 Head of Hyve Solutions of SNX sold 6,701.00 shares for a total of $695,831.84.
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TD SYNNEX Corporation (SNX) Company Description:
SYNNEX Corp. engages in the provision of distribution, logistics and integration services for the technology industry. It operates through the following segments: Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals, IT systems including data center server and storage solutions, system components, software, networking equipment, consumer electronics, and complementary products. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services to customers in industry vertical markets. The company was founded by Robert T. Huang in November 1980 and is headquartered in Fremont, CA.
Read More on SNX:
- Needham security/networking analysts hold analyst/industry conference call
- TD Synnex management to meet with Oppenheimer
- TD Synnex (NYSE:SNX): A Top Tech Pick of Leading Hedge Fund Manager
- TD Synnex price target raised to $122 from $118 at Barrington
- Centific announces strategic partnership with TD Synnex
