In a report released yesterday, Michael Walkley from Canaccord Genuity maintained a Buy rating on Synchronoss Technologies (SNCR), with a price target of $8.00. The company’s shares closed last Monday at $3.07.
According to TipRanks.com, Walkley is a 5-star analyst with an average return of 22.6% and a 63.3% success rate. Walkley covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Sequans Communications S A, and CrowdStrike Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synchronoss Technologies with a $7.30 average price target.
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The company has a one-year high of $6.59 and a one-year low of $2.17. Currently, Synchronoss Technologies has an average volume of 412.1K.
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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.