Needham & Company Raises Price Target on Synacor (SYNC); Company Continues to Over-Deliver
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Price: $3.65 +2.82%
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade SYNC Now!
Needham & Company maintains a 'Buy' on Synacor (NASDAQ: SYNC) price target raised from $8 to $13.
Analyst, Laura Martin, said, "SYNC has over-delivered what it said it would do since it has been public. For example, SYNC over-delivered 4Q11 consensus estimates and has already raised guidance for FY12 vs our original estimates...We see more and more movement toward TV Everywhere, and we think that SYNC is uniquely positioned to benefit from this trend."
For an analyst ratings summary and ratings history on Synacor click here. For more ratings news on Synacor click here.
Shares of Synacor closed at $11.24 yesterday, with a 52 week range of $4.75-$13.60.
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Analyst, Laura Martin, said, "SYNC has over-delivered what it said it would do since it has been public. For example, SYNC over-delivered 4Q11 consensus estimates and has already raised guidance for FY12 vs our original estimates...We see more and more movement toward TV Everywhere, and we think that SYNC is uniquely positioned to benefit from this trend."
For an analyst ratings summary and ratings history on Synacor click here. For more ratings news on Synacor click here.
Shares of Synacor closed at $11.24 yesterday, with a 52 week range of $4.75-$13.60.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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Needham & CompanyComments
Sync overdelivers
I couldnt agree with you more mike. This is a company to look out for in the future. I agree with that statement about BoA as well. I wouldnt be surprised if they put that out so that they can acquire shares at a low price and profit big when they explode. Definitely a company to keep an eye on.
Sync overdelivers
I definately agree, SYNC has been delivering what they where supposed to do since they went public. Recently Bank of America said they underperformed, but Bank of America has proven to be wrong over and over again, so I am not sure why people are still listening to their advice! Great post, thanks for sharing.
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Re:Sync overdelivers
Joe on May 15, 2012 08:44 PMMark as Spam | Reply to this comment
Mike I don't think people listen to their advice ;) I hope not anyway. They can't move their own stock or finances in the correct direction and certainly should not be giving advice to other companies lol.