In a report released on January 5, Matthew VanVliet from BTIG maintained a Hold rating on RingCentral (RNG – Research Report). The company’s shares closed last Friday at $31.04.
According to TipRanks, VanVliet is an analyst with an average return of -10.7% and a 33.33% success rate. VanVliet covers the Technology sector, focusing on stocks such as Guidewire, RingCentral, and Q2 Holdings.
RingCentral has an analyst consensus of Moderate Buy, with a price target consensus of $39.38.
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RNG market cap is currently $2.91B and has a P/E ratio of -7.38.
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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.
Read More on RNG:
- The cloud automation software stocks to own in 2024, according to Piper Sandler
- Wells Fargo downgrades RingCentral to Equal Weight, keeps $36 price target
- RingCentral downgraded to Equal Weight from Overweight at Wells Fargo
- RingCentral price target lowered by $1 at Morgan Stanley, here’s why
- RingCentral just downgraded at Jefferies, here’s why
