Synchronoss Technologies (SNCR) Tops Q3 EPS by 1c

Go back to Synchronoss Technologies (SNCR) Tops Q3 EPS by 1c

Synchronoss Technologies (SNCR) Valuation Range Lifted at Wells Fargo Following Solid Q3

November 8, 2016 9:59 AM EST

Wells Fargo analyst Gray Powell reiterated an Outperform rating and raised his valuation range on Synchronoss Technologies (NASDAQ: SNCR) to $48-50/share from $44-45 following solid Q3 results with strong cloud ramp expected in 2017.

Powell commented, "SNCR reported slightly better than expected Q3 results and guided Q4 ahead... More