Seeking Alpha

Synchronoss (SNCR) could trade high tomorrow thanks to Wells Fargo, which just initiated...

Synchronoss (SNCR) could trade high tomorrow thanks to Wells Fargo, which just initiated coverage with an Outperform and a PT range of $41-$44. Wells touts the ability of Synchronoss' ConvergeNow products to significantly reduce device activation and provisioning costs for carriers, and believes the company can grow revenue at a 20%+ annual clip, and earnings at a 30%+ clip, over the next 3-5 years.
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