Loop Capital analyst Ananda Baruah raised his price target on Tech Data to $130 and kept his Buy rating after meeting with its CEO Rich Hume and CFO Chuck Dannewitz. The analyst is positive on the company's portfolio of "robust collection of IT products" in PCs and Data Center, stating that the management is "driving value" while maximizing the stock's free cash flow, revenue, and earnings growth. Baruah contends that Tech Data has been outgrowing the channel industry demand in recent years and should continue to do so, while having "already absorbed the most significant hit" to its traditional on-premise spending.