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Needham announced Tech Data (NASDAQ:TECD), boosting its stock price target to $102.00 today

In a report released on 10/12/2017 Needham increased the stock price target of Tech Data (NASDAQ:TECD) from $100.00 to $102.00 reporting a possible upside of 0.08%.

Previously on 10/06/2017, Pivotal Research Group released a statement about Tech Data (NASDAQ:TECD) increased the target price from $0.00 to $114.00. At the time, this indicated a possible upside of 0.25%.

Just yesterday Tech Data (NASDAQ:TECD) traded 2.16% higher at $94.28. Tech Data’s 50-day moving average is $91.61 and its 200-day moving average is $96.91. The last stock price is down -2.72% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 637,527 shares of TECD traded hands, up from an average trading volume of 538,208

Recent Performance Chart

Tech Data (NASDAQ:TECD)

Tech Data has 52 week low of $74.07 and a 52 week high of $111.10 with a PE ratio of 17.89 and has a market capitalization of $0.

In addition to Needham reporting its stock price target, a total of 4 brokerages have issued a ratings update on the company. The average stock price target is $67.25 with 1 brokerage rating the stock a strong buy, 0 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Tech Data (NASDAQ:TECD)

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services. It operates in two geographic segments: the Americas and Europe. It provides resellers training and technical support suite of electronic commerce tools customized shipping documents product configuration or integration services and access to financing programs. Its customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa.

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