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benzinga.comSEP 252 min read$SNX

TD Synnex Analysts Boost Their Forecasts After Q3 Results

TD SYNNEX (NYSE:SNX) reported Q3 2026 results with adjusted EPS of $5.68, up 59% YoY, and revenue of $21.56B, up 37.7% YoY. Guidance for Q4 was also raised. Analysts increased price targets, with Morgan Stanley and UBS raising theirs to $359 and $379, respectively. Shares gained 1.1% to $262.39 on Friday.

Original reporting
benzinga.com
Published Sep 25, 2026, 6:41 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 25, 2026, 7:07 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefEarnings
Primary signal
$SNX
Bullish
high confidence
Mentioned
$SNX
Relevance
9/10
AlphAI data visualization · based on benzinga.com
Decision brief

The 30-second read

$SNXBullishHigh
01

Why it matters

Earnings beat and raised guidance lift sentiment; analyst target hikes provide a clear actionable signal.

02

Market read

The earnings surprise and upgraded targets create a short‑term buying opportunity for SNX.

03

What to watch

Potential supply‑chain constraints could temper revenue growth.

Relevance 9/10Novelty 9/10Timing: post‑earnings today

Background

TD SYNNEX is a leading distributor of technology products and services, with a growing AI‑focused business line.

Company-level read

Ticker impact

$SNXBullishHigh confidence
Context

TD SYNNEX reported Q3 earnings beat and raised FY guidance, prompting analyst price‑target upgrades.

Expected impact

Potential price appreciation toward the new $359‑$379 target range.

Evidence & confidence

Earnings beat, 59% EPS growth, and guidance above consensus signal robust demand; analyst upgrades reinforce the upside thesis.

Market effects

Sector

Positive for technology distribution and AI‑related hardware segments.

Regional

U.S. tech distribution stocks may see modest lift.

Global

Reinforces broader AI‑driven growth narrative across markets.

Counterpoint

What could challenge this read

If AI spending slows, the guidance may be overly optimistic.

Key entities

  • Executive
    Patrick Zammit

    CEO of TD SYNNEX who highlighted AI and data‑center trends.

  • Analyst
    Morgan Stanley

    Maintained Overweight and raised price target to $359.

  • Analyst
    UBS

    Maintained Buy and raised price target to $379.

Read at source← All news

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