TD SYNNEX's Fiscal Q1 Billings, Revenue Likely to Benefit From PC Growth, RBC Says

MT Newswires Live

Mar 11

TD SYNNEX's (SNX) fiscal Q1 billings and revenue are likely to benefit from PC growth driven by higher average selling prices and pull-in demand before memory price increases, RBC Capital Markets said in a Tuesday note.

The company is set to release its fiscal Q1 results on March 31.

RBC said it estimates fiscal Q1 revenue of $15.69 billion and gross billings of about $23.5 billion, both above market consensus. The company, however, is expected to issue a conservative fiscal Q2 outlook due to changes to channel partner deals and headwinds related to memory costs and supply chain, the brokerage added.

Growth could accelerate in H2, supported by artificial intelligence hyperscaler infrastructure spending and growth from the company's existing and new customers, RBC noted.

RBC reiterated its outperform rating on TD SYNNEX, with a $180 price target.

Price: 158.31, Change: +2.76, Percent Change: +1.77

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The company, however, is expected to issue a conservative fiscal Q2 outlook due to changes to channel partner deals and headwinds related to memory costs and supply chain, the brokerage added.</p><p>Growth could accelerate in H2, supported by artificial intelligence hyperscaler infrastructure spending and growth from the company's existing and new customers, RBC noted.</p><p>RBC reiterated its outperform rating on TD SYNNEX, with a $180 price target.</p><p>Price: 158.31, Change: +2.76, Percent Change: +1.77</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TD","symbol_name":"道明银行","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2618926713","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618926713","pubTimestamp":1773242220,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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The company, however, is expected to issue a conservative fiscal Q2 outlook due to changes to channel partner deals and headwinds related to memory costs and supply chain, the brokerage added.Growth could accelerate in H2, supported by artificial intelligence hyperscaler infrastructure spending and growth from the company's existing and new customers, RBC noted.RBC reiterated its outperform rating on TD SYNNEX, with a $180 price target.Price: 158.31, Change: +2.76, Percent Change: +1.77","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}