Synchronoss Technologies, Inc.’s (SNCR) Price Target Raised

Analysts Tom Roderick and Gur Talpaz at Thomas Weisel Partners have raised the price target for Synchronoss Technologies, Inc. (NASDAQ: SNCR) from $21.50 to $25.

According to analysts, over the past 18 months, the company has managed to establish itself and is technology leader in the rapidly evolving, and rapidly growing “Connected Device” segment. Analysts believe that the segment has vast potential, and Synchronoss’ leadership in it will be an inflection point in the company’s history.

Analysts at Thomas Weisel Partners continue to rate Synchronoss Technologies, Inc. as an Overweight.