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Analysts Offer Insights on Technology Companies: Asure (ASUR) and RingCentral (RNG)

Analysts have been eager to weigh in on the Technology sector with new ratings on Asure (ASURResearch Report) and RingCentral (RNGResearch Report).

Asure (ASUR)

Craig-Hallum analyst Jeff Van Rhee assigned a Buy rating to Asure today. The company’s shares closed last Tuesday at $9.29.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 12.2% and a 55.4% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, Alkami Technology, and Cellebrite DI.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Asure with a $14.43 average price target.

See the top stocks recommended by analysts >>

RingCentral (RNG)

In a report released yesterday, Matthew VanVliet from BTIG maintained a Hold rating on RingCentral. The company’s shares closed last Tuesday at $33.38.

According to TipRanks.com, VanVliet has 0 stars on 0-5 stars ranking scale with an average return of -8.5% and a 43.5% success rate. VanVliet covers the Technology sector, focusing on stocks such as Zoom Video Communications, Instructure Holdings, and FiscalNote Holdings.

RingCentral has an analyst consensus of Moderate Buy, with a price target consensus of $39.38, implying a 18.0% upside from current levels. In a report issued on December 20, Wells Fargo also downgraded the stock to Hold with a $36.00 price target.

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