Why Is TD SYNNEX CORP (SNX) Stock Up Today?

TD SYNNEX stock rose 7.24% to $278.25 on September 25, 2026, driven by a price target increase from UBS and strong AI infrastructure demand. The stock opened with a $264.22 gap up and reached an intraday high of $280.61 before settling near the session’s top. The move follows a record quarter and Q4 guidance that highlighted the Hyve segment’s 117% growth.

What Happened

UBS raised its price target for TD SYNNEX to $379 from $352, signaling increased confidence in the stock. The company reported record billings and Q3 FY2026 results, with the Hyve segment surging due to AI infrastructure demand. The earnings call emphasized a $22.2 billion revenue forecast for Q4 and non-GAAP EPS guidance of $5.90 ± $0.25. Despite a $1 billion free cash flow burn and a downgrade to Hold by Seeking Alpha, the stock reversed sharply from a 12.6% intraday drop the previous day.

What The Data Shows

The stock opened at $264.22, a 1.8% gap up from the prior close of $259.47. It reached a high of $280.61 at 9:40 AM ET before settling at $277.32. Volume was 0.2 million shares, matching the 3-month daily average. Over the 52-week period, SNX has traded between $142.22 and $298.77, with 11 fresh 52-week highs printed on September 25. Recent insider transactions show 8 sales totaling $11.5 million in the last 90 days, with no insider buys recorded.

What To Watch

The company’s Q4 guidance and AI-driven growth remain key to watch. Investors should monitor the Q3 earnings call presentation and any further analyst coverage for evolving sentiment on the stock.