Synchronoss price target raised to $56 from $46 at Credit Suisse Credit Suisse raised Outperform rated Synchronoss price target to $56 and increased estimates following the strong Q2 report citing rising sub growth and usage.
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.