Synchronoss (SNCR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the most recent trading session, Synchronoss (SNCR) closed at $7.85, indicating a +1.29% shift from the previous trading day.
Recently, Zacks.com users have been paying close attention to Synchronoss (SNCR). This makes it worthwhile to examine what the stock has in store.
The mean of analysts' price targets for Synchronoss (SNCR) points to an 111.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Synchronoss (SNCR) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SNCR broke through the 20-day moving average, which suggests a short-term bullish trend.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Zacks.com users have recently been watching Synchronoss (SNCR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Synchronoss Technologies provides personal cloud solutions for global network operators and has shown solid YTD performance with a 72% increase in share price. The company's financials have improved with steady revenue and profitability growth, driven by operations streamlining. The recent contract extensions with Verizon and Softbank should help drive subscriber growth and increase recurring revenue, presenting significant growth opportunities, in my view.
Synchronoss (SNCR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Synchronoss (SNCR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.