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Fly News Breaks for March 4, 2020
SYNC
Mar 4, 2020 | 08:59 EDT
Lake Street analyst Mark Argento reiterates a Buy rating on Synacor with a $3 price target following the company's "solid" Q4 results. The merger with Qumu is tracking to plan from both a timing standpoint and synergy expectation, Argento tells investors in a research note. The analyst continues to like the merger and believes Synacor's current valuation underappreciates the value and opportunity of the business. Further, concerns surrounding coronavirus have highlighted the benefits of video collaboration platforms and further demonstrate the value the combined business can bring to the marketplace, says Argento.
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