Morgan Stanley's Ingram Micro (INGM) Target: 82% Growth Potential

Ingram Micro Holding Corporation (NYSE:INGM) saw its price target raised by Morgan Stanley to $33 from $27.50 on June 23, with the Equal Weight rating maintained. Erik Woodring's analysis increased the 2026 total addressable market forecast for the server industry to $809 billion, implying an 82% year-over-year surge. The report highlighted resilient enterprise compute demand driven by hardware refresh cycles and rising AI infrastructure needs, despite steep price hikes. However, concerns were raised about the sustainability of on-premises infrastructure spending beyond 2027. The company operates in IT product distribution, cloud services, and solutions across North America, Europe, Middle East, Africa, Asia-Pacific, and Latin America.

Morgan Stanley's Growth Projections

■2026 server market forecast: $809 billion (82% annual growth)

■Earnings-per-share (EPS) increase: 3-5% average rise

■Risk factor: Uncertainty over on-premises infrastructure spending sustainability

■AI impact: Artificial intelligence demand bolstering resilience against price hikes

Markets are signaling cautious optimism as Morgan Stanley's bullish outlook on INGM reflects broader trends in enterprise computing. While short-term demand remains robust, the long-term trajectory hinges on whether AI-driven investments can offset potential infrastructure spending fatigue post-2027.