Synchronoss Technologies (SNCR) Stock Rating Reaffirmed by Deutsche Bank
Synchronoss Technologies (NASDAQ:SNCR)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a research note issued to investors on Thursday. They currently have a $8.00 price target on the software maker’s stock, down from their previous price target of $18.00. Deutsche Bank’s price objective would suggest a potential downside of 13.61% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Synchronoss Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Raymond James Financial lowered shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 price objective for the company. in a report on Tuesday, September 19th. Stifel Nicolaus reissued a “hold” rating and set a $10.00 price objective (down from $16.00) on shares of Synchronoss Technologies in a report on Wednesday, September 20th. Citigroup raised their price objective on shares of Synchronoss Technologies to $10.00 and gave the stock a “hold” rating in a report on Wednesday, September 20th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $8.00 price objective (down from $13.00) on shares of Synchronoss Technologies in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.57.
Shares of Synchronoss Technologies (NASDAQ SNCR) opened at $9.26 on Thursday. The firm has a market cap of $444.26, a price-to-earnings ratio of 6.45 and a beta of 1.55. Synchronoss Technologies has a fifty-two week low of $8.48 and a fifty-two week high of $42.70.
Synchronoss Technologies Company Profile
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
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