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Tech Data Corp (NASDAQ: TECD) received a number of price target changes and ratings updates during the last week:

  • Tech Data Corp had its price target raised by analysts at Goldman Sachs to $59.00.
  • Tech Data Corp had its price target raised by analysts at Barclays from $65.00 to $69.00.
  • Tech Data Corp had its price target raised by analysts at Brean Capital from $70.00 to $73.00. They now have a “buy” rating on the stock.
  • Tech Data Corp had its price target raised by analysts at Needham & Company LLC from $70.00 to $72.00.

Tech Data Corp (NASDAQ:TECD) opened at 69.61 on Thursday. Tech Data Corp has a 52-week low of $48.35 and a 52-week high of $71.31. The stock has a 50-day moving average of $64.50 and a 200-day moving average of $61.78. The company has a market cap of $2.663 billion and a P/E ratio of 13.28.

Tech Data Corp (NASDAQ:TECD) last announced its earnings results on Tuesday, August 26th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.35. The company had revenue of $6.84 billion for the quarter. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts predict that Tech Data Corp will post $5.06 earnings per share for the current fiscal year.

Tech Data Corporation (NASDAQ:TECD) is a wholesale distributor of technology products.

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