10 Stocks That Received Analyst Approval This Week

8. Ingram Micro Holding Corporation (NYSE:INGM)

Ingram Micro Holding Corporation is a technology distributor and supply chain services provider worldwide. The company was upgraded from Equal-weight to Overweight by Morgan Stanley. Target price was upgraded from $25 to $27.

This upgrade was the result of improved market conditions for small and medium businesses and an attractive valuation of the company’s stock. 95% of customers of INGM are small to medium-sized businesses. Moreover, the company’s IT spending is expected to rise by 5% in 2025. This will boost growth in areas of PCs, servers, PC peripherals, and storage.

INGM exceeded estimates in its third-quarter earnings. Expected earnings for the fourth quarter are $0.90 per share and revenue of $13.21 billion. The company’s stock prices have recorded consistent gains in the past 5 trading days. The positivity is likely to continue in the future and suggests an encouraging outlook for investors.