10 Best Performing IT Services Stocks to Buy According to Analysts

7. Ingram Micro Holding Corp. (NYSE:INGM)

YTD returns: 11%

Potential Upside: 30%

Number of Hedge Fund Holders: 24

Ingram Micro Holding Corp. (NYSE:INGM) is a global technology services company engaged in the distribution of IT products, cloud solutions, logistics, and other services worldwide. Catering to a vast network of resellers, vendors, and retailers, the company provides comprehensive solutions across hardware, software, and cloud computing.

The company experienced a challenging 2024, with its share price declining by over 21%. However, it has shown signs of recovery in 2025, gaining approximately 11% year-to-date. Operating on thin margins, Ingram Micro Holding Corp. (NYSE:INGM) reported an adjusted EBITDA margin of 2.8% and a net income margin of just 1.4% in its Q3 2024 results. In early December, the company announced a series of restructuring initiatives, including a workforce reduction of approximately 850 employees by the end of Q1 2025, a move aimed at driving earnings growth. Despite the competitive landscape, its strong reseller network and solid vendor relationships provide a stable foundation for long-term resilience.

Analyst sentiment remains largely positive, with a one-year median consensus price target of $28, suggesting a potential upside of 30%. On February 21, a Morgan Stanley analyst upgraded the stock from Equal Weight to Overweight, raising the price target from $25 to $27. The analyst expressed confidence in a hardware spending recovery in 2025 and viewed potential earnings surprises as a near-term catalyst, believing that current consensus estimates remain relatively conservative. The company is expected to report its Q4 2024 earnings on March 4.