Synnex Stock Target Price and Analyst Consensus

SNX Stock  USD 116.57  0.55  0.47%   
The current analyst and expert consensus on Synnex is Strong Buy, with 6 strong buy opinions. The current projected Synnex target price consensus is 113.67 with 12 analyst opinions. Check out Macroaxis Advice on Synnex to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.
The most common way Synnex analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Synnex executives and customers to further validate their buy or sell advice. Synnex buy-or-sell recommendation module provides average expert sentiment on the projected Synnex target price to derive its highest and lowest estimates based on projected price volatility of 1.5822.
Lowest Forecast
103.44
Highest Forecast
126.17
Target Price
113.67
At this time, Synnex's Gross Profit is fairly stable compared to the past year. Pretax Profit Margin is likely to rise to 0.01 in 2024, whereas Operating Profit Margin is likely to drop 0.02 in 2024. At this time, Synnex's Total Liabilities is fairly stable compared to the past year. Total Current Assets is likely to rise to about 24.3 B in 2024, whereas Other Assets are likely to drop slightly above 102.4 M in 2024.
  
It's important to approach Synnex's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Synnex price targets

Synnex's stock target price is an estimate of its future price, usually made by analysts. Using Synnex's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Synnex's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Synnex's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Synnex Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Synnex is a key component of Synnex valuation and have some predictive power on the future returns of a Synnex.
Hype
Prediction
LowEstimatedHigh
115.15116.72118.29
Details
Intrinsic
Valuation
LowRealHigh
113.88115.45117.02
Details
Naive
Forecast
LowNextHigh
110.10111.67113.24
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.903.072.93
Details

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Additional Tools for Synnex Stock Analysis

When running Synnex's price analysis, check to measure Synnex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Synnex is operating at the current time. Most of Synnex's value examination focuses on studying past and present price action to predict the probability of Synnex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex's price. Additionally, you may evaluate how the addition of Synnex to your portfolios can decrease your overall portfolio volatility.