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TD Synnex Analysts Boost Their Forecasts Following Upbeat Q3 Results

1. TD SYNNEX reported Q3 revenue of $15.65 billion, exceeding expectations. 2. The company saw a 25.2% increase in adjusted earnings per share. 3. Q4 revenue forecast is between $16.50 billion and $17.30 billion, higher than expected. 4. Multiple analysts raised their price targets for TD SYNNEX post-earnings. 5. TD SYNNEX shares gained 1% to $161.30 following the positive report.

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FAQ

Why Bullish?

TD SYNNEX's strong earnings and positive growth forecasts typically drive share price positively. Historical responses to positive earnings releases often result in upward price momentum.

How important is it?

The significant earnings beat and positive outlook suggest a strong likelihood of price increases, making this news impactful.

Why Short Term?

Analyst upgrades are likely to boost investor confidence and influence short-term trading. Past earnings reports frequently result in immediate stock price increases.

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