J.P. Morgan Maintains a Hold on TD SYNNEX Corporation (SNX)

TD SYNNEX Corporation (NYSE:SNX) is one of the best cheap stocks to buy for beginners. In a report released on September 5, Joseph Cardoso from J.P. Morgan maintained a Hold rating on TD SYNNEX Corporation (NYSE:SNX), setting a price target of $160.00.

Arrow Electronics, Inc. (NYSE:ARW)

TD SYNNEX Corporation (NYSE:SNX) announced on September 3 that it signed a strategic collaboration agreement with Amazon Web Services (AWS) designed to accelerate cloud migration and modernization, AI adoption, and marketplace growth across Latin America, North America, and the Caribbean.

TD SYNNEX Corporation (NYSE:SNX) is involved in the aggregation and distribution of solutions in the IT ecosystem, with its offerings including IT hardware, software, and systems. The company’s operations are divided into the following geographical segments: Americas, Europe, and Asia-Pacific and Japan.

While we acknowledge the potential of SNX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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