Wedbush Maintains Outperform Rating and $39 PT on Synchronoss

A report from Wedbush reiterates its Outperform rating and $39 price target on Synchronoss

. The report states, “We believe Q4 is tracking well for Synchronoss, driven by solid smartphone, online, and Apple sales. We also continue to see new product traction and customer penetration driving additional growth. As we see solid growth and upside continue through 2012, we expect shares to outperform.” SNCR closed Friday at $27.30.