KeyBanc analyst Thomas Blakey maintained a Buy rating on RingCentral (RNG – Research Report) today. The company’s shares closed yesterday at $29.99.
According to TipRanks, Blakey is a 4-star analyst with an average return of 6.8% and a 51.75% success rate. Blakey covers the Technology sector, focusing on stocks such as Pure Storage, Cisco Systems, and Super Micro Computer.
Currently, the analyst consensus on RingCentral is a Moderate Buy with an average price target of $37.21.
The company has a one-year high of $43.28 and a one-year low of $25.08. Currently, RingCentral has an average volume of 1.14M.
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RingCentral (RNG) Company Description:
Founded in 1999, California-based RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company’s products include RingCentral Professional, RingCentral Office, RingCentral Glip, and RingCentral Fax.
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