Analysts Ratings Coverage:
Today’s Latest Analyst Ratings for Synnex Corporation:
RBC maintains a “Sector Perform” rating on Synnex Corp. This rating suggests that the company’s performance is expected to be in line with the overall sector performance. RBC has set a target price range of USD 110 to USD 98 for the stock. This range indicates the potential range within which RBC believes the stock’s value may fluctuate.
Barclays also maintains an “Equal-Weight” rating on Synnex Corp. An “Equal-Weight” rating implies that the stock is expected to perform in line with the average performance of the stocks in its peer group. Barclays has set a target price range of USD 103 to USD 98 for the stock, reflecting their estimate of its potential value.
Credit Suisse Group maintains a “Neutral” rating on Synnex Corp. This rating suggests that the company’s stock is expected to perform in line with the broader market. Credit Suisse Group has set a target price range of USD 106 to USD 90 for the stock. This range indicates the potential price movement within which the stock is expected to trade.
Raymond James maintains a “Strong Buy” rating on Synnex Corp. This rating indicates a highly positive outlook on the stock’s future performance. Raymond James has set a target price range of USD 125 to USD 120 for the stock, reflecting their optimistic valuation expectations.
Barrington Research Associates maintains an “Outperform” rating on Synnex Corp. This rating suggests that the stock is expected to outperform the overall market. Barrington Research Associates has set a target price range of USD 120 to USD 115 for the stock, indicating their belief in the company’s potential for future growth.
Bank of America Merrill Lynch has lowered their target price range for Synnex Corp from USD 120 to USD 115. This adjustment suggests that they have revised their valuation expectations for the stock. However, the specific reasons behind this target reduction are not provided in the given information.
These analyst ratings provide a range of perspectives on Synnex Corp’s performance and potential future value.
SYN Stock Forecast & Analysis
The average analyst target price for Synnex Corporation is USD 111.95 over the next 12 months. This target price is derived from forecasts provided by 15 analysts who cover the stock. It represents the average price at which these analysts believe the stock will trade in the future.
The average analyst rating for Synnex Corporation is “Buy.” This rating suggests that, on average, analysts recommend purchasing the stock based on their assessment of its potential for growth and positive performance.
Stock Target Advisor, an independent stock analysis platform, provides a different perspective on Synnex Corporation. They have assigned a “Neutral” rating to the stock. (https://chacc.co.uk/) This rating is based on their analysis of 8 positive signals and 7 negative signals related to the company. It indicates that there are both positive and negative indicators for the stock’s future performance, leading to a neutral stance from Stock Target Advisor.
As of the last closing, Synnex Corporation’s stock price was USD 92.82. This price reflects the most recent valuation of the company’s shares in the market.
Over the past week, the stock price of Synnex Corporation has decreased by -3.79%. This decline indicates a downward movement in the stock’s value over the short term.
In the past month, the stock price has increased by +1.64%. This positive change suggests a modest recovery or upward momentum for the stock within the recent timeframe.
Over the last year, Synnex Corporation’s stock price has decreased by -5.55%. This negative change indicates a decline in the stock’s value over the longer term.
