Stock Rating Upgrade
In recent days the Value Trend Rating for Synchronoss Technologies Inc (NASDAQ: SNCR) rose significantly from C to A reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 8/9/24, Synchronoss Technologies Inc (NASDAQ: SNCR) stock enjoyed a large increase of 2.7%, closing at $11.50. Moreover, this advance was accompanied by exceptionally high trading volume at 257% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 14.3% during the last week.
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 A (Highest Rating). This VT Rating rose significantly in recent days from C previously. This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Synchronoss Technologies has a slightly positive Appreciation Score of 68 and a very high Power Rating of 92, with the Highest Value Trend Rating the result.
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