Synchronoss Technologies Given “Outperform” Rating at Wedbush (SNCR)
Synchronoss Technologies (NASDAQ:SNCR)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $45.00 target price on the stock. Wedbush’s price target points to a potential upside of 18.76% from the company’s current price.
Synchronoss Technologies (NASDAQ:SNCR) traded down 2.98% during mid-day trading on Tuesday, hitting $36.76. 84,754 shares of the company’s stock traded hands. Synchronoss Technologies has a 52 week low of $17.08 and a 52 week high of $37.44. The stock’s 50-day moving average is $34.58 and its 200-day moving average is $31.16. The company has a market cap of $1.423 billion and a P/E ratio of 111.44.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Synchronoss Technologies in a research note to investors on Wednesday, October 16th. They now have a $37.00 price target on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Synchronoss Technologies from $37.00 to $40.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.43.
In other Synchronoss Technologies news, CFO Lawrence R. Irving sold 5,907 shares of the company’s stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $37.91, for a total value of $223,934.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Synchronoss Technologies, Inc (NASDAQ:SNCR) is a provider of on-demand transaction management solutions.
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