Goldman Sachs put a Buy rating on Synchronoss Technologies SNCR. At the moment, Goldman has a price target of $39 placed on the company's stock.
In a research report published today, Goldman states, "We add Buy-rated SNCR to the Conviction List as we believe the shares'
recent pullback provides an attractive entry point for long-term investors
with the shares offering 36% return potential to our 12-month price target
of $39 and an upside scenario which suggests 50%-91% potential over
next 2-3 years... We believe the
combination of strong volume growth and operating leverage should
support our forecast of 32% average EPS growth through CY2013E."
On Monday, Synchronoss closed the day at $28.65. Its shares added 6.11% to their value in today's pre-market trading, however, to trade around $30.40.
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Posted In: Analyst ColorAnalyst RatingsApplication SoftwareGoldman SachsInformation TechnologySynchronoss Technologies
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