- On July 30, 2025, KORE Group Holdings announced it had partnered with TD SYNNEX to make KORE's OmniSIM US connectivity plans available through TD SYNNEX's extensive distribution network, aimed at simplifying IoT procurement for businesses and solution providers.
- This collaboration enhances channel partners’ ability to deliver streamlined, end-to-end IoT solutions by combining TD SYNNEX’s reach with KORE’s connectivity expertise and access to hardware typically outside TD SYNNEX’s regular offerings.
- We’ll now examine how this initiative to broaden IoT access through TD SYNNEX’s network may influence the company’s future growth narrative.
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TD SYNNEX Investment Narrative Recap
For shareholders, the core belief in TD SYNNEX centers on its ability to expand addressable markets via enterprise digital transformation, recurring software revenues, and integration services. The recent KORE partnership may strengthen the company’s exposure to IoT growth; however, given the company’s chronic margin pressures and exposure to fluctuations in hardware demand, this news is unlikely to resolve TD SYNNEX’s most immediate risk, ongoing net margin compression as hardware volumes and mix shift. Short-term catalysts remain tied to software and lifecycle solutions growth. Among recent announcements, the June 17 launch with Arctera and Wasabi Technologies introducing a joint data protection solution is especially relevant. Like the KORE partnership, it aligns with the company’s efforts to broaden offerings beyond traditional hardware, supporting improved recurring revenue streams, an area considered critical for near-term growth and margin improvement. Yet, investors should keep in mind that despite these initiatives, intensifying margin pressure and hardware demand variability could mean...
Read the full narrative on TD SYNNEX (it's free!)
TD SYNNEX's narrative projects $66.9 billion in revenue and $914.7 million in earnings by 2028. This requires 3.7% yearly revenue growth and a $195.4 million earnings increase from $719.3 million today.
Uncover how TD SYNNEX's forecasts yield a $154.82 fair value, a 6% upside to its current price.
Exploring Other Perspectives
Four Simply Wall St Community members peg TD SYNNEX’s fair value between US$154.82 and US$314.04. With chronic net margin pressures flagged as an ongoing risk, it is clear opinions differ widely on the path ahead.
Explore 4 other fair value estimates on TD SYNNEX - why the stock might be worth over 2x more than the current price!
Build Your Own TD SYNNEX Narrative
Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.
- A great starting point for your TD SYNNEX research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
- Our free TD SYNNEX research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate TD SYNNEX's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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