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RingCentral Inc has a consensus price target of $46.13 based on the ratings of 26 analysts. The high is $90 issued by MoffettNathanson on September 22, 2022. The low is $34 issued by Goldman Sachs on February 21, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Mizuho, and Baird on December 18, 2024, December 13, 2024, and November 11, 2024, respectively. With an average price target of $40 between Morgan Stanley, Mizuho, and Baird, there's an implied 6.81% upside for RingCentral Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for RingCentral (NYSE:RNG) was reported by Morgan Stanley on December 18, 2024. The analyst firm set a price target for $40.00 expecting RNG to rise to within 12 months (a possible 6.81% upside). 37 analyst firms have reported ratings in the last year.
The latest analyst rating for RingCentral (NYSE:RNG) was provided by Morgan Stanley, and RingCentral maintained their equal-weight rating.
The last upgrade for RingCentral Inc happened on August 2, 2024 when Rosenblatt raised their price target to $45. Rosenblatt previously had a neutral for RingCentral Inc.
The last downgrade for RingCentral Inc happened on December 13, 2024 when Mizuho changed their price target from $42 to $42 for RingCentral Inc.
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 December 18, 2024 so you should expect the next rating to be made available sometime around December 18, 2025.
While ratings are subjective and will change, the latest RingCentral (RNG) rating was a maintained with a price target of $38.00 to $40.00. The current price RingCentral (RNG) is trading at is $37.45, which is out of the analyst’s predicted range.
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