Stock Track | Synnex Soars 5.22% in Pre-Market on Earnings Release and Morgan Stanley Target Price Hike

Stock Track

Jun 25

Synnex's stock surged 5.22% in pre-market trading on Thursday, driven by the release of its quarterly earnings report and a significant analyst price target increase.

The company released its fiscal second-quarter earnings pre-market, entering the report with strong momentum following a substantial beat in the previous quarter. Separately, Morgan Stanley raised its price target on TD Synnex by 26% from $271 to $341 two days prior, maintaining an Overweight rating. The firm cited that AI on-premises deployment is driving enterprise server demand beyond expectations, and noted that the company's Hyve contract manufacturing subsidiary—which contributes 27% of operating income—still trades at an approximate 25% discount to peers despite superior margin and growth profiles.

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Separately, Morgan Stanley raised its price target on TD Synnex by 26% from $271 to $341 two days prior, maintaining an Overweight rating. The firm cited that AI on-premises deployment is driving enterprise server demand beyond expectations, and noted that the company's Hyve contract manufacturing subsidiary—which contributes 27% of operating income—still trades at an approximate 25% discount to peers despite superior margin and growth profiles.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNX","symbol_name":"新聚思","start_time":0,"source_url":"","article_id":"1178601332","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178601332","pubTimestamp":1782385390,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Synnex's stock surged 5.22% in pre-market trading on Thursday, driven by the release of its quarterly earnings report and a significant analyst price target increase.The company released its fiscal...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNX":"新聚思"},"translate_title":"个股追踪|联强财报发布大摩上调目标价盘前大涨5.22%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNX":1},"content_text":"Synnex's stock surged 5.22% in pre-market trading on Thursday, driven by the release of its quarterly earnings report and a significant analyst price target increase.The company released its fiscal second-quarter earnings pre-market, entering the report with strong momentum following a substantial beat in the previous quarter. Separately, Morgan Stanley raised its price target on TD Synnex by 26% from $271 to $341 two days prior, maintaining an Overweight rating. The firm cited that AI on-premises deployment is driving enterprise server demand beyond expectations, and noted that the company's Hyve contract manufacturing subsidiary—which contributes 27% of operating income—still trades at an approximate 25% discount to peers despite superior margin and growth profiles.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}