Northland Securities Keeps a Buy Rating on Synchronoss Technologies (SNCR)

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Synchronoss Technologies (SNCR), with a price target of $6.50. The company’s shares closed last Friday at $5.05.

According to, Latimore is a top 100 analyst with an average return of 43.1% and a 66.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Ribbon Communications, and Limelight Networks.

Currently, the analyst consensus on Synchronoss Technologies is a Moderate Buy with an average price target of $6.50.

See today’s analyst top recommended stocks >>

Based on Synchronoss Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $68.64 million and GAAP net loss of $5.68 million. In comparison, last year the company earned revenue of $52.21 million and had a GAAP net loss of $61.24 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Synchronoss Technologies, Inc. engages in the provision of cloud and enterprise solutions It offers software-based activation for connected devices globally. Its platform includes cloud home, personal cloud content transfer, and out-of-box experience; advance messaging and email suite; journey creation and advisor, digital coach, digital portal, and activation; internet-of-things, and smart buildings. The company was founded by James M. McCormick and Stephen G. Waldis in December 2000 and is headquartered in Bridgewater, NJ.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts