Ingram Micro (INGM) Benefits From Resilient Enterprise Computing Demand

Ingram Micro Holding Corporation (NYSE:INGM) is one of the best low priced technology stocks to invest in. On June 23, Morgan Stanley raised its price target on Ingram Micro Holding Corporation (NYSE:INGM) to $33 from $27.50, keeping its Equal Weight rating unchanged. This call was part of a wider note lifting forecasts across the enterprise server industry.

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Erik Woodring led the note and stated that the bank was raising its 2026 total addressable market forecast for the server industry to $809 billion, which implies an 82% year over year growth. The analyst cited enterprise compute demand, which has held up better than expected despite steep price increases.

However, Woodring said they are not yet ready to call a multi-year enterprise server renaissance. He instead noted that Wall Street’s earnings estimates for compute-related companies look too conservative for both 2026 and 2027, which prompted them to raise earnings-per-share forecasts by an average of 3% to 5% across six companies in the space, including Ingram Micro.

Woodring’s note described enterprise server demand as more resistant to price hikes than expected. This resistance, the analyst noted, is driven by ongoing compute shortages, hardware refresh cycles, and rising AI infrastructure needs across businesses.

Despite the optimism, the note flagged a risk to the overall trend where it warned that the pace of spending increases on on-premises computing infrastructure is becoming difficult to sustain. This surfaces uncertainty about how long the current growth cycle can continue beyond 2027.

Ingram Micro Holding Corporation (NYSE:INGM) is an information technology distributor. It distributes IT products, cloud services, and other solutions in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.

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