In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on RingCentral (RNG – Research Report). The company’s shares closed last Friday at $30.64.
Sutton covers the Technology sector, focusing on stocks such as MoneyLion, Agilysys, and Cantaloupe. According to TipRanks, Sutton has an average return of 12.7% and a 52.31% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RingCentral with a $37.14 average price target.
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RNG market cap is currently $2.87B and has a P/E ratio of -7.28.
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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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