The analyst has a success rate of 52%, and each of his ratings has garnered average returns of 8.5%. 581 among the almost 8,000 analysts followed on TipRanks. The analyst reiterated his buy rating on the stock, saying that the shares are trading at an attractive discount.Ĭolicchio has placed at No. We are confident in management's ability to achieve or exceed its targeted cost synergies of $200 million given a solid track record of execution on acquisitions," weighed in Colicchio. "The company's revenue should grow faster than overall IT spending as it increases its investment in fast-growing technologies. (See TD Synexx Corporation Blogger Opinions & Sentiment on TipRanks) This will aid earnings growth over the next few years. Nonetheless, Colicchio believes that the combined powers of SYNNEX and Tech Data (with which it merged last year) will help the company realize solid revenue and cost synergies. Barrington Research analyst Vincent Colicchio reduced his price target to $98 from $106 to reflect the headwinds impacting the business in the coming few months. However, like its other tech peers, economic headwinds are not sparing TD SYNNEX. The company recently released its quarterly results, beating the top and the bottom lines. Moreover, rapid digital transformation has kept the IT spending environment favorable for the business. IT business process services provider TD SYNNEX ( SNX) is benefiting from the high demand for remote working and learning software, as well as hardware solutions. Notably, 62% of his ratings have successfully returned an average of 38% per rating. "We believe Nova will be a metrology supplier of choice for the foreseeable future, and believe Nova will easily reach the $1 billion target even with extremely conservative assumptions," said Bolton.īolton is ranked at No.3 of nearly 8,000 analysts on TipRanks' database. The analyst expects the X-ray tech market to "grow in both front-end metrology and in advanced packaging applications." Now, Nova has about a 70% share in the OCD market, which gives it a strong runway for growth as wafer capacities expand with the proliferation of advanced technologies.īolton is also upbeat about Nova's prospects in the X-ray technology market. Unlike many other types of process control equipment, optical critical dimension solutions do not face the risk of diminishing demand with growing wafer capacity. (See Nova Measuring Stock Chart on TipRanks) "We like Nova for its strong foothold in the foundry and memory markets and its consistent focus on developing new technologies to meet the need for metrology in semiconductor manufacturing," said the analyst. Recently, Needham analyst Quinn Bolton weighed in on Nova, reiterating a buy rating and $120 price target on the company. The company's balanced revenue mix between foundry and memory has helped it hedge its business against exposure to a single end market. Nova ( NVMI) provides some heavy-duty metrology solutions to the semiconductor manufacturing market.
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