You Might Not Have Heard of This Tech Stock, But Analysts Say It Should Be a Core Holding for 2026

Group 1 - The AI trade is currently dominated by large companies, leading to smaller firms like Synnex Corp. (SNX) being overlooked despite their potential [1] - Morgan Stanley has identified SNX as one of their top "Overweight" positions, indicating strong confidence in the stock's performance [1][2] - SNX benefits from the performance of OEMs like HP and Dell, as it distributes their products without being affected by rising memory costs, which are expected to be a significant issue in 2026 [2] Group 2 - Synnex Corp. is a global IT distributor founded in 1980, operating in over 100 countries and providing essential technology services and products [3] - The stock has increased by 32% over the past year, outperforming the S&P 500 Industrials' return of 16.92%, but still lags behind many AI stocks that have seen much higher returns [4] - SNX trades at a forward P/E of 11.55x, which is nearly 14% above its five-year average but significantly lower than the IT sector average of 23.8x, making it an attractive valuation compared to trending AI stocks [5]