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TD SYNNEX Corporation (SNX) Hit a 52 Week High, Can the Run Continue?

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Shares of TD SYNNEX (SNX - Free Report) have been strong performers lately, with the stock up 12.8% over the past month. The stock hit a new 52-week high of $298.77 in the previous session. TD SYNNEX has gained 91.6% since the start of the year compared to the 21.8% gain for the Zacks Computer and Technology sector and the -15.3% return for the Zacks Computers - IT Services industry.

What's Driving the Outperformance?

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 24, 2026, TD SYNNEX reported EPS of $5.68 versus consensus estimate of $4.64.

For the current fiscal year, TD SYNNEX is expected to post earnings of $18.99 per share on $74.91 in revenues. This represents a 43.97% change in EPS on a 19.84% change in revenues. For the next fiscal year, the company is expected to earn $21.71 per share on $80.77 in revenues. This represents a year-over-year change of 14.33% and 7.82%, respectively.

Valuation Metrics

While TD SYNNEX has moved to its 52-week high in the recent past, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

TD SYNNEX has a Value Score of A. The stock's Growth and Momentum Scores are F and A, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 15.2X current fiscal year EPS estimates, which is a premium to the peer industry average of 13.4X. On a trailing cash flow basis, the stock currently trades at 16X versus its peer group's average of 11.2X. Additionally, the stock has a PEG ratio of 0.76. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making TD SYNNEX an interesting choice for value investors.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, TD SYNNEX currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if TD SYNNEX passes the test. Thus, it seems as though TD SYNNEX shares could still be poised for more gains ahead.

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