Goldman Starts TD SYNNEX (SNX) Coverage, Sees FY26 Billings Growth of 10%

TD SYNNEX Corporation (NYSE:SNX) is included among the 15 Dividend Growth Stocks with the Highest Growth Rates.

On January 13, Goldman Sachs expert Katherine Murphy initiated sum of TD SYNNEX Corporation (NYSE:SNX) with a Buy standing and a $180 terms target. Goldman expects the institution to support increasing astatine a steadfast pace, projecting billings to summation 10% year-over-year successful FY26. That outlook is based connected astir 9% maturation successful its halfway organisation business, positive astir 15% maturation successful Hyve, which has go a faster-moving portion of the story.

The initiation followed TD SYNNEX’s Q4 2025 net study connected January 8, wherever the institution delivered a beardown decorativeness to the year. Revenue came successful astatine $17.4 billion, up 9.7% from the anterior twelvemonth and adjacent topping the precocious extremity of management’s guidance. Cash procreation was different standout. The institution produced $1.5 cardinal successful operating currency travel and $1.4 cardinal successful escaped currency travel for the quarter.

TD SYNNEX Corporation (NYSE:SNX)  also utilized that currency spot to reward shareholders. During the quarter, it returned $209 cardinal to investors, including $173 cardinal done stock buybacks and $36 cardinal successful dividends. Management described the 4th arsenic a record-setter. TD SYNNEX said non-GAAP gross billings accrued 15% year-over-year, portion non-GAAP diluted EPS jumped 24%, some marking caller highs for the company. Leadership credited those results to the spot of its diversified concern exemplary and dependable execution against its longer-term strategy.

Looking ahead, the institution said it feels well-positioned for the year, supported by its specialized approach, a exertion portfolio geared toward higher-growth areas, and continued accent connected delivering beardown lawsuit experiences.

TD SYNNEX Corporation (NYSE:SNX)  is a planetary distributor and solutions aggregator wrong the IT ecosystem, helping link exertion vendors with customers done distribution, services, and solutions.

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