Needham & Company Raises Price Target on Synacor (SYNC); Company Continues to Over-Deliver

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.

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