14 Best Cheap Stocks to Buy for Beginners

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12. TD SYNNEX Corporation (NYSE:SNX)

Forward P/E: 12.37

10-Year Revenue Growth: 15.82%

Number of Hedge Fund Holders: 36

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.

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.

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