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Fly News Breaks for December 20, 2019
SNCR
Dec 20, 2019 | 08:45 EDT
After having recently met with Synchronoss Chief Product Officer and Chief Marketing Officer Mary Clark, Roth Capital analyst Richard Baldry said he believes the company's recent advanced messaging platform wins with the four top U.S. wireless carriers are "marquee deals" that present underappreciated long-term revenue and earnings potential. The analyst also thinks Synchronoss' unique experience in ramping the Japanese platform, and soon the U.S. platform, offers it superior credibility in competing for future advanced messaging deals in Europe, Asia and South America. He keeps a Buy rating and $13 price target on Synchronoss shares.
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