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Stock impact report

Goldman Starts TD SYNNEX (SNX) Coverage, Sees FY26 Billings Growth of 10% [Yahoo! Finance]

TD SYNNEX Corporation (SNX) 
Last td synnex corporation earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.synnex.com/investor-relations
Company Research Source: Yahoo! Finance
On January 13, Goldman Sachs analyst Katherine Murphy initiated coverage of TD SYNNEX Corporation (NYSE:SNX) with a Buy rating and a $180 price target. Goldman expects the company to keep growing at a healthy pace, projecting billings to increase 10% year-over-year in FY26. That outlook is based on about 9% growth in its core distribution business, plus roughly 15% growth in Hyve, which has become a faster-moving part of the story. The initiation followed TD SYNNEX's Q4 2025 earnings report on January 8, where the company delivered a strong finish to the year. Revenue came in at $17.4 billion, up 9.7% from the prior year and even topping the high end of management's guidance. Cash generation was another standout. The company produced $1.5 billion in operating cash flow and $1.4 billion in free cash flow for the quarter. TD SYNNEX Corporation (NYSE:SNX) also used that cash strength to reward shareholders. During the quarter, it returned $209 million to investors, including $173 mi Show less Read more
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