In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on SYNNEX (SNX – Research Report), with a price target of $128.00. The company’s shares closed last Tuesday at $107.46.
According to TipRanks.com, Colicchio is a 5-star analyst with an average return of 17.4% and a 62.5% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Insight Enterprises, and HealthStream.
SYNNEX has an analyst consensus of Strong Buy, with a price target consensus of $142.67, a 32.8% upside from current levels. In a report released yesterday, Cross Research also upgraded the stock to Buy with a $124.00 price target.
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The company has a one-year high of $130.93 and a one-year low of $79.05. Currently, SYNNEX has an average volume of 306K.
Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SYNNEX Corp. engages in the provision of distribution, logistics and integration services for the technology industry. It operates through the following segments: Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals, IT systems including data center server and storage solutions, system components, software, networking equipment, consumer electronics, and complementary products. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services to customers in industry vertical markets. The company was founded by Robert T. Huang in November 1980 and is headquartered in Fremont, CA.
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