Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Synchronoss Technologies Inc (NASDAQ: SNCR) improved of late. SNCR’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Synchronoss Technologies Inc (NASDAQ: SNCR) stock closed at $9.07 on 5/31/24 after a decline of -2.6%. However, this decline was accompanied by unusually low trading volume at 53% of normal. The stock has declined -13.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SNCR is expected to be Value Creation neutral.
Synchronoss Technologies has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Synchronoss Technologies has a very low Appreciation Score of 7 but a good Power Rating of 83, leading to the Low Neutral Value Trend Rating.
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