Morgan Stanley Raises Ingram Micro (NYSE:INGM) Price Target to $23.00

Ingram Micro (NYSE:INGM) had its price objective boosted by Morgan Stanley from $21.00 to $23.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential downside of 12.31% from the company’s previous close.

A number of other research analysts also recently issued reports on INGM. William Blair restated an “outperform” rating on shares of Ingram Micro in a research report on Tuesday. Wall Street Zen raised Ingram Micro from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $24.00 price objective on shares of Ingram Micro in a report on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Ingram Micro in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $24.00 target price on shares of Ingram Micro in a report on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ingram Micro currently has an average rating of “Hold” and a consensus target price of $24.43.

Ingram Micro Trading Up 7.5%

Ingram Micro stock opened at $26.23 on Tuesday. The stock has a 50-day moving average price of $21.46 and a 200 day moving average price of $21.29. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 0.87 and a beta of 2.27. Ingram Micro has a 52 week low of $14.25 and a 52 week high of $26.35. The company has a quick ratio of 0.95, a current ratio of 1.41 and a debt-to-equity ratio of 0.75.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.18 billion. Ingram Micro had a net margin of 0.62% and a return on equity of 17.04%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts anticipate that Ingram Micro will post 2.71 EPS for the current year.

Ingram Micro declared that its board has authorized a share repurchase program on Monday, March 2nd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Ingram Micro

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC lifted its position in shares of Ingram Micro by 125.7% during the 2nd quarter. CWM LLC now owns 3,333 shares of the company’s stock valued at $69,000 after buying an additional 1,856 shares in the last quarter. Comerica Bank raised its position in Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after acquiring an additional 3,669 shares during the period. Wells Fargo & Company MN lifted its holdings in Ingram Micro by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock valued at $88,000 after purchasing an additional 1,031 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ingram Micro in the fourth quarter valued at about $94,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Ingram Micro during the third quarter worth about $110,000.

More Ingram Micro News

Here are the key news stories impacting Ingram Micro this week:

• Positive Sentiment: Ingram Micro reported strong Q4 results and management highlighted double‑digit cloud growth and higher AI‑driven revenue for 2026 — commentary that supports recurring, higher‑margin services growth and helped investor sentiment. Ingram Micro outlines double-digit cloud growth
• Positive Sentiment: The board approved a $100 million share repurchase authorization (~2% of shares outstanding), signaling management sees the stock as undervalued and directly supporting EPS/float reduction. RTT News: Stock Buybacks
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference — presentations increase investor access and may reinforce the company’s cloud/AI story but are informational rather than catalytic. Conference Transcript
• Neutral Sentiment: Q1 2026 guidance was set to EPS $0.670–$0.750 and revenue $12.5–12.8B, roughly in line with consensus — a mixed read: guidance leaves room for beat but doesn’t materially change near‑term estimates. (Guidance disclosed in company release and call.)
• Negative Sentiment: Morgan Stanley raised its price target from $21 to $23 but maintained an “equal weight” rating — the new target still sits below the current market price, implying limited analyst upside and suggesting some caution on valuation. Benzinga: Analyst Note

Ingram Micro Company Profile

Ingram Micro, headquartered in Irvine, California, is a global technology distributor and supply chain services provider. Listed on the New York Stock Exchange under the ticker INGM, the company connects leading technology manufacturers, cloud providers and channel partners through an integrated portfolio of products and services. Ingram Micro’s end-to-end solutions span product distribution, cloud enablement, e-commerce, logistics and lifecycle management, enabling customers of all sizes to bring new technology to market efficiently.

The company’s offerings are organized across several core areas.