Synchronoss price target raised to $46-$48 from $38-$41 at Wells Fargo Wells Fargo increased its price target on Synchronoss after attending the company's Analyst Day, as the firm now has a much higher degree of confidence in the long term revenue outlook of its cloud business. The firm thinks the company's 2014 cloud revenue guidance could be conservative, and keeps an Outperform rating on the shares
Synchronoss sees Q4 EPS 42c-44c consensus 44c Sees Q4 revenue $126M-$129M, consensus $122.95M. Sees Q4 gross margin 61%-62%. Sees Q4 operating margin 24%-25%. Guidance taken from the company's Q3 earnings conference call.