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Goldman Starts TD SYNNEX (SNX) Coverage, Sees FY26 Billings Growth of 10%

TD SYNNEX Corporation (NYSE:SNX) is included among the 15 Dividend Growth Stocks with the Highest Growth Rates.

On January 13, Goldman Sachs analyst Katherine Murphy initiated coverage of TD SYNNEX Corporation (NYSE:SNX) with a Buy rating and a $180 price target. Goldman expects the company to keep growing at a healthy pace, projecting billings to increase 10% year-over-year in FY26. That outlook is based on about 9% growth in its core distribution business, plus roughly 15% growth in Hyve, which has become a faster-moving part of the story.

The initiation followed TD SYNNEX’s Q4 2025 earnings report on January 8, where the company delivered a strong finish to the year. Revenue came in at $17.4 billion, up 9.7% from the prior year and even topping the high end of management’s guidance. Cash generation was another standout. The company produced $1.5 billion in operating cash flow and $1.4 billion in free cash flow for the quarter.

TD SYNNEX Corporation (NYSE:SNX)  also used that cash strength to reward shareholders. During the quarter, it returned $209 million to investors, including $173 million through share buybacks and $36 million in dividends. Management described the quarter as a record-setter. TD SYNNEX said non-GAAP gross billings increased 15% year-over-year, while non-GAAP diluted EPS jumped 24%, both marking new highs for the company. Leadership credited those results to the strength of its diversified business model and steady execution against its longer-term strategy.

Looking ahead, the company said it feels well-positioned for the year, supported by its specialized approach, a technology portfolio geared toward higher-growth areas, and continued emphasis on delivering strong customer experiences.

TD SYNNEX Corporation (NYSE:SNX)  is a global distributor and solutions aggregator within the IT ecosystem, helping connect technology vendors with customers through distribution, services, and solutions.

While we acknowledge the potential of SNX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNX and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 13 Best Dividend Stocks Paying Over 6% and 14 Best Mid Cap Dividend Aristocrat Stocks to Buy Now

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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