Synchronoss Technologies Stock Forecast & Predictions: 1Y Price Target $2 00 Buy or Sell NASDAQ: SNCR 2023

sncr stock

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Synchronoss Technologies, Inc. engages in the provision of cloud and enterprise solutions. The firm offers software-based activation for connected devices globally. The company was founded by James M. McCormick and Stephen G. Waldis in 2000 and is headquartered in Bridgewater, NJ. 1 equities research analysts have issued 1 year price targets for Synchronoss Technologies’ stock. On average, they expect the company’s stock price to reach $3.00 in the next twelve months. This suggests a possible upside of 240.9% from the stock’s current price.

Synchronoss Technologies Confirms Receipt of Non-Binding Proposal from B. Riley Financial

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Indexes in China fell, while Japan’s Nikkei 225 gained 0.8% to top for the first time since 2021. The two-year yield, which moves more on expectations for action by the Federal Reserve, rose to 4.15% from 4.08%.

House Speaker Kevin McCarthy said late Tuesday that Democrats and Republicans could reach a deal by the end of the week, though the two sides remain far apart. Stocks are higher in Wednesday afternoon trading after falling Tuesday, as the deadline nears for lawmakers to resolve the debt-ceiling standoff. The 50-day moving average is a short-term technical indicator of where an asset or an index is trading.

Meanwhile, regional-bank shares are jumping after Western Alliance–a lender investors have worried about–gave a positive update on deposit growth. Much scrutiny has been on Western Alliance Bancorp and other smaller and mid-sized banks, which has led to wild swings in their stock prices. Western Alliance recovered some of its losses after it gave an update on its deposit levels through May 12, among other data. It jumped 12.7% today, though it’s still down about 40% for the year so far. Meanwhile, regional-bank shares are jumping after Western Alliance—a lender investors have worried about—gave a positive update on deposit growth. The SPDR S&P Regional Banking ETF (KRE) climbed 7.4% in midday trading, with PacWest leading the charge among regional banks with a gain of nearly 23%.

Analyst’s Opinion

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SNCR’s historical performance
against its industry peers and the overall market. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. Hospitality companies were among the best performers, benefitting from continued post-pandemic consumer demand for travel.

Analysts think regional bank Western Alliance can continue to rebound as deposits at the bank grow. Biden’s remarks underscore earlier comments from House Speaker Kevin McCarthy, who told CNBC in an interview that he doesn’t think the U.S. will default on its debt. Congressional leaders have been in tense negotiations with the White House over the approaching debt ceiling.

Synchronoss Technologies’ (SNCR) spatialSUITE Gains Traction

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

Synchronoss Technologies, Inc. Common Stock (SNCR) Stock Price … – Nasdaq

Synchronoss Technologies, Inc. Common Stock (SNCR) Stock Price ….

Posted: Fri, 13 Sep 2019 09:44:38 GMT [source]

View analysts price targets for SNCR or view top-rated stocks among Wall Street analysts. Target traded more than 2% lower in the premarket after the retailer reported total revenue of $25.32 billion for the first quarter, which represented year-over-year growth of just 1%. To be sure, that revenue figure, along with the company’s earnings per share, exceeded analyst expectations.

The charge higher in interest rates over the last year has also knocked down the values of many of the loans and bonds that banks own. Retailers are among the last of big U.S. companies to report their profits for the start of the year. Most companies in the S&P 500 have turned in earnings that were better than analysts feared. But they’re still on pace to finish with a second straight quarter of drops in profit from year-ago levels. The bank said in an 8K filing on Tuesday that customer deposits have grown by more than $2 billion throughout the quarter. Shares of Western Alliance climbed 10.3% on the analyst notes.

Stock indexes fell 2.1% in Hong Kong and were mixed amid modest movements in Europe. One of the main positives that’s kept the economy out of a recession so far has been resilient spending by U.S. households. They’ve continued to spend even as manufacturing, the U.S. banking system and other parts of the economy have cracked under the pressure of high rates. Treasury yield ticked higher to 3.564%, from 3.548% Tuesday. Quad leaders will not be going ahead with their meeting in Sydney next week, Australia’s prime minister Anthony Albanese said, according to Reuters.

sncr stock

He also noted that the company faces some difficult months ahead. In an exclusive interview with CNBC’s David Faber on the heels of the meeting Tuesday, CEO Elon Musk said he plans to spend more time on Tesla going forward, and devote a large chunk of time toward AI developments. Exelon and Sempra led utility stocks down with week-to-date losses larger than 5% each. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Barclays upgraded Wynn Resorts stock on Tuesday, and cited the company’s continued performance in Macau as a driver for growth. Stocks rallied during early afternoon trading on growing hopes of a debt ceiling deal, but defensives continued to lag the market. On the other hand, financials, information technology, consumer discretionary and communication services stocks have kept the S&P 500 in the green for the week, with each sector advancing more than 1%. EVGo — The EV charging station supplier fell nearly 16% in midday trading on news of a public offering of $125 million Class A stock. Earlier on Tuesday, Stifel initiated coverage of EVGo with a buy rating.

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« I think at the end of the day we do not have a debt default. I think we finally got the president to agree to negotiate. » The Dow Jones Industrial Average traded 415 points higher, or 1.26%.The S&P 500 gained about 1.14%, and the Nasdaq Composite advanced 1.13%. One share of SNCR stock can currently be purchased for approximately $0.88.

This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier. Synchronoss Technologies stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. Stocks are higher in Wednesday afternoon trading, putting major indexes on track to recover after falling Tuesday, as the deadline nears for lawmakers to resolve the debt-ceiling standoff. The yield on the 10-year Treasury rose to 3.57% from 3.54% late Tuesday.

  • Barclays also highlighted the company’s performance in its Las Vegas properties.
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  • There’s a good chance that this upwards movement will continue tomorrow as well.
  • Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks.

Singapore’s total trade fell to SG$100.3 billion in April, a 18.8% year-on-year drop and extending the 8.6% decrease in March. The comments come a day after President Joe Biden met with top congressional leaders to try to find a way around the debt impasse. McCarthy said the talks resulted in a « structure » to find a solution while noting that the deadline remains « tight » as Republicans look for spending cuts and Democrats seek a clean bill not tied to conditions. « I think at the end of the day we do not have a debt default, » he said on CNBC’s « Squawk Box. » « I think we finally got the president to agree to negotiate. »

A close below that level may signal a potential change toward the downside. Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters’ calculations. « While McCarthy said a deal is possible by end of this week, the timeline may be by the end of next week ahead of the Memorial Day, » JPMorgan traders wrote. « With that in mind, Equities may trade in a tight range until an outcome is observed with the biggest downside risk coming if we enter Memorial Day weekend without a solution, given the early June x-date. » During the meeting, Musk teased new Tesla products, while also reiterating plans to roll out the first Cybertrucks this year.