Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Synchronoss Technologies Inc (NASDAQ: SNCR) improved in recent days. SNCR’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Synchronoss Technologies Inc (NASDAQ: SNCR) stock declined slightly by -0.4% on 10/18/24. The stock closed at $11.69. However, trading volume in this decline was exceptionally low at 45% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.0% 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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Synchronoss Technologies has a neutral Appreciation Score of 40 but a very high Power Rating of 87, producing the Positive Value Trend Rating.
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