08-15-2012, 05:25 AM
["Citigroup commented, "Synacor is up meaningfully over the past month, which we attribute to retail investor interest in TV Everywhere. We don't see any fundamental reason to support the current valuation – which is at a meaningful premium to peers – so we're downgrading to Sell. We maintain our $15.50 target price."]
Thanks Petro, there are some fun and games here with the price crashing to $7.8 in a battle between the pumpers and some of the shorts and end of lock-up period for some investors. This seems a good trading opportunity to me. What's not in doubt that the company is real and is growing pretty fast, with Citygroup having a $15.5 target on them, it would be surprising if the shares didn't get back to $9-10 at least.
Thanks Petro, there are some fun and games here with the price crashing to $7.8 in a battle between the pumpers and some of the shorts and end of lock-up period for some investors. This seems a good trading opportunity to me. What's not in doubt that the company is real and is growing pretty fast, with Citygroup having a $15.5 target on them, it would be surprising if the shares didn't get back to $9-10 at least.