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RingCentral

RNGNYSE
Logo brought to you by Benzinga Data
$30.36
0.270.90%
At Close: -
$30.36
00.00%
After Hours: 5:02 PM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$105.00
Lowest Price Target1
$31.00
Consensus Price Target1
$47.67

RingCentral (NYSE:RNG) Stock, Analyst Ratings, Price Targets, Forecasts

RingCentral Inc has a consensus price target of $47.67 based on the ratings of 27 analysts. The high is $105 issued by BTIG on August 3, 2022. The low is $31 issued by Piper Sandler on July 10, 2024. The 3 most-recent analyst ratings were released by Deutsche Bank, Baird, and Needham on August 6, 2024, August 5, 2024, and August 5, 2024, respectively. With an average price target of $41 between Deutsche Bank, Baird, and Needham, there's an implied 35.05% upside for RingCentral Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Apr
6
May
1
Jun
1
Jul
1
2
Aug
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.4
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Deutsche Bank
Baird
Needham
Wells Fargo
Northland Capital Markets

1calculated from analyst ratings

Analyst Ratings for RingCentral

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FAQ

Q

What is the target price for RingCentral (RNG) stock?

A

The latest price target for RingCentral (NYSE:RNG) was reported by Deutsche Bank on August 6, 2024. The analyst firm set a price target for $45.00 expecting RNG to rise to within 12 months (a possible 48.22% upside). 36 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for RingCentral (RNG)?

A

The latest analyst rating for RingCentral (NYSE:RNG) was provided by Deutsche Bank, and RingCentral maintained their buy rating.

Q

When was the last upgrade for RingCentral (RNG)?

A

The last upgrade for RingCentral Inc happened on August 2, 2024 when Rosenblatt raised their price target to $45. Rosenblatt previously had a neutral for RingCentral Inc.

Q

When was the last downgrade for RingCentral (RNG)?

A

The last downgrade for RingCentral Inc happened on December 20, 2023 when Wells Fargo changed their price target from N/A to $36 for RingCentral Inc.

Q

When is the next analyst rating going to be posted or updated for RingCentral (RNG)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of RingCentral, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for RingCentral was filed on August 6, 2024 so you should expect the next rating to be made available sometime around August 6, 2025.

Q

Is the Analyst Rating RingCentral (RNG) correct?

A

While ratings are subjective and will change, the latest RingCentral (RNG) rating was a maintained with a price target of $42.00 to $45.00. The current price RingCentral (RNG) is trading at is $30.36, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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