$30.29
0[0.00%]
At close: Apr 24
$30.29
0[0.00%]
PreMarket: 4:20PM EDT
RingCentral
(NYSE:RNG)RingCentral Stock (NYSE:RNG), Analyst Ratings, Price Targets, Predictions
RingCentral Inc has a consensus price target of $42, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Morgan Stanley, Keybanc, and Wells Fargo on April 17, 2024, February 21, 2024, and February 21, 2024. With an average price target of $37 between Morgan Stanley, Keybanc, and Wells Fargo, there's an implied 22.15% upside for RingCentral Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Morgan Stanley
Keybanc
Wells Fargo
Goldman Sachs
Mizuho
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for RingCentral
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/17/2024 | RNG | Buy Now | RingCentral | $30.29 | 5.65% | Morgan Stanley | Meta Marshall | $35 → $32 | Maintains | Equal-Weight | Get Alert |
| 02/21/2024 | RNG | Buy Now | RingCentral | $30.29 | 58.47% | Keybanc | Thomas Blakey | $50 → $48 | Maintains | Overweight | Get Alert |
| 02/21/2024 | RNG | Buy Now | RingCentral | $30.29 | 2.34% | Wells Fargo | Michael Turrin | $36 → $31 | Maintains | Equal-Weight | Get Alert |
| 02/21/2024 | RNG | Buy Now | RingCentral | $30.29 | 12.25% | Goldman Sachs | Kash Rangan | $38 → $34 | Maintains | Neutral | Get Alert |
| 02/21/2024 | RNG | Buy Now | RingCentral | $30.29 | 18.85% | Mizuho | Siti Panigrahi | $40 → $36 | Maintains | Buy | Get Alert |
| 02/21/2024 | RNG | Buy Now | RingCentral | $30.29 | 2.34% | Piper Sandler | James Fish | $34 → $31 | Maintains | Neutral | Get Alert |
| 02/21/2024 | RNG | Buy Now | RingCentral | $30.29 | 32.06% | Wedbush | Taz Koujalgi | → $40 | Reiterates | Neutral → Neutral | Get Alert |
| 02/21/2024 | RNG | Buy Now | RingCentral | $30.29 | 38.66% | Needham | Ryan Koontz | — | Maintains | Buy | Get Alert |
| 02/16/2024 | RNG | Buy Now | RingCentral | $30.29 | 32.06% | Wedbush | Taz Koujalgi | → $40 | Reiterates | Neutral → Neutral | Get Alert |
| 01/12/2024 | RNG | Buy Now | RingCentral | $30.29 | 12.25% | Piper Sandler | James Fish | $32 → $34 | Maintains | Neutral | Get Alert |
| 12/20/2023 | RNG | Buy Now | RingCentral | $30.29 | 18.85% | Wells Fargo | Michael Turrin | → $36 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 12/12/2023 | RNG | Buy Now | RingCentral | $30.29 | 15.55% | Jefferies | Samad Samana | $40 → $35 | Downgrade | Buy → Hold | Get Alert |
| 12/04/2023 | RNG | Buy Now | RingCentral | $30.29 | 15.55% | Rosenblatt | Catharine Trebnick | → $35 | Reiterates | Neutral → Neutral | Get Alert |
| 11/15/2023 | RNG | Buy Now | RingCentral | $30.29 | 15.55% | Rosenblatt | Catharine Trebnick | → $35 | Reiterates | Neutral → Neutral | Get Alert |
| 11/07/2023 | RNG | Buy Now | RingCentral | $30.29 | 65.07% | Raymond James | Brian Peterson | $60 → $50 | Maintains | Strong Buy | Get Alert |
| 11/07/2023 | RNG | Buy Now | RingCentral | $30.29 | 51.87% | Needham | Ryan Koontz | → $46 | Reiterates | Buy → Buy | Get Alert |
| 10/23/2023 | RNG | Buy Now | RingCentral | $30.29 | 15.55% | Rosenblatt | Catharine Trebnick | $52 → $35 | Downgrade | Buy → Neutral | Get Alert |
| 10/19/2023 | RNG | Buy Now | RingCentral | $30.29 | 25.45% | Morgan Stanley | Meta Marshall | $42 → $38 | Maintains | Equal-Weight | Get Alert |
| 08/29/2023 | RNG | Buy Now | RingCentral | $30.29 | 41.96% | Northland Capital Markets | Michael Latimore | $47 → $43 | Maintains | Outperform | Get Alert |
FAQ
What is the target price for RingCentral (RNG)?
The latest price target for RingCentral (NYSE: RNG) was reported by Morgan Stanley on April 17, 2024. The analyst firm set a price target for $32.00 expecting RNG to rise to within 12 months (a possible 5.65% upside). 44 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for RingCentral (RNG)?
The latest analyst rating for RingCentral (NYSE: RNG) was provided by Morgan Stanley, and RingCentral maintained their equal-weight rating.
When was the last upgrade for RingCentral (RNG)?
The last upgrade for RingCentral Inc happened on May 26, 2023 when Needham raised their price target to $42. Needham previously had a hold for RingCentral Inc.
When was the last downgrade for RingCentral (RNG)?
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.
When is the next analyst rating going to be posted or updated for RingCentral (RNG)?
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 April 17, 2024 so you should expect the next rating to be made available sometime around April 17, 2025.
Is the Analyst Rating RingCentral (RNG) correct?
While ratings are subjective and will change, the latest RingCentral (RNG) rating was a maintained with a price target of $35.00 to $32.00. The current price RingCentral (RNG) is trading at is $30.29, which is out of the analyst’s predicted range.
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