SNX

TD SYNNEX's Hyve Solutions business experienced explosive growth with gross billings jumping 117% YoY to $7 billion in Q3'26, driven by strong demand for AI infrastructure. The company now serves all five top U.S. hyperscalers and secured a major enterprise AI factory deal.

TD SYNNEX reported overall quarterly revenues of $21.6 billion, up 37.7% YoY, with non-GAAP EPS climbing 58.7%. The stock trades at a forward P/E of 10.04, well below the industry average of 19.05, and holds a Zacks Rank #1 (Strong Buy) rating.

ATEN International recognized TD SYNNEX with its Annual Best Sales Performance Award, celebrating their exceptional sales results and strong partnership. The collaboration has driven significant business growth through ATEN's KVM and connectivity solutions combined with TD SYNNEX's distribution network, delivering value to channel partners and customers.

TD SYNNEX (SNX) has gained 1.3% over the past four weeks and closed at $263.76. Wall Street analysts have a mean price target of $336.08, suggesting a potential 27.4% upside.

The stock has a Zacks Rank #1 (Strong Buy) rating, supported by positive earnings estimate revisions with six upward revisions in the last 30 days and a 13% increase in consensus estimates. However, the article cautions that price targets alone should not be the sole basis for investment decisions.