{
Adam Tindle

People

}
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001122334455554433221100

Barclays lowers TD Synnex price target amid mixed earnings and market challenges

Barclays analyst Tim Long has lowered the price target for TD Synnex to $125 from $148 while maintaining an Equalweight rating, citing uncertainties in IT spending recovery and component shipment delays affecting major clients like Meta Platforms. Despite a slight miss in Q2 2025 earnings, the company reported a 7.5% year-over-year increase in gross billings, with projections for EPS growth in the upcoming quarters. Analyst Adam Tindle from Raymond James also adjusted his price target to $125, highlighting confidence in cash flow improvements and upcoming discussions on long-term growth strategies.
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SEAGATE TECHNOLOGY HOLDINGS Oracle Corporation TD Synnex Corp Western Digital Corporation Ingram Micro Holding Corporation Meta Platforms, Inc. USA Tim Long Adam Tindle Show more
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19:36 27.03.2025
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