TD Synnex Analysts Boost Their Forecasts Following Upbeat Q3 Results - TD Synnex (NYSE:SNX)

Core Insights - TD SYNNEX reported better-than-expected third-quarter results, with revenue of $15.65 billion, surpassing analysts' expectations of $15.11 billion and marking a 6.6% increase from $14.69 billion a year ago [1] - The company achieved adjusted earnings of $3.58 per share, exceeding the forecast of $3.05 per share, representing a 25.2% growth compared to $2.86 per share from the previous year [2] - CEO Patrick Zammit highlighted that the strong performance was due to effective execution, a differentiated go-to-market strategy, and a comprehensive portfolio of products and services [3] Financial Outlook - For the fourth quarter of 2025, TD SYNNEX anticipates adjusted earnings between $3.45 and $3.95 per share, higher than the market expectation of $3.33 per share [3] - The revenue outlook for the upcoming quarter is projected to be between $16.50 billion and $17.30 billion, exceeding the anticipated $15.99 billion [3] Stock Performance and Analyst Ratings - Following the earnings announcement, TD SYNNEX shares gained 1% to $161.30 [4] - Analysts have adjusted their price targets for TD SYNNEX, with B of A Securities raising it from $170 to $180, Barclays from $140 to $164, Morgan Stanley from $173 to $181, and RBC Capital from $165 to $180 [9]