Oppenheimer & Co. sees positive global trends for Syniverse Holdings, Inc. SVR due to improving air travel. It has a $26 price target on shares.
In the research note, Oppenheimer writes, "We believe messaging (~31% of Q2 revenue) continues to see healthy demand driven by customer adoption and new devices, and we believe SVR is seeing incremental opportunities in messaging as a result of SAP's acquisition of SY."
Shares of Syniverse Holdings, Inc. gained $1.12 on Friday to close at $24.15, a gain of 4.8%.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsOppenheimer & Co.Telecommunication ServicesWireless Telecommunication Services
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