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 to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

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