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Stock impact report

TD Synnex: Setup Remains Very Attractive [Seeking Alpha]

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: Seeking Alpha
Hyve's accelerating growth, with Q4 gross billings up over 50% y/y, highlights strong structural demand from hyperscalers and AI/cloud infrastructure. Balance sheet risk has been alleviated, as SNX generated ~$1.42 billion in Q4 free cash flow, enabling significant shareholder returns. I reiterate a buy rating, raising the price target to $229.5, expecting 55% total return over two years as EPS compounds at 12% annually. Klaus Vedfelt/DigitalVision via Getty Images Investment overview I wrote about TD Synnex Corp. ( SNX ) previously with a buy rating, as the Hyve growth engine was accelerating, the core business was moving up the value chain, and the new growth tailwinds This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensat Show less Read more
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