RingCentral
(NYSE:RNG)
$34.74
-0.14[-0.40%]
At close: Mar 28
$34.74
0[0.00%]
After Hours: 4:04PM EDT
Consensus Rating1
Buy
Highest Price Target1
$105.00
Lowest Price Target1
$31.00
Consensus Price Target1
$42.22

RingCentral Stock (NYSE:RNG), Analyst Ratings, Price Targets, Predictions

RingCentral Inc has a consensus price target of $42.22, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Keybanc, Wells Fargo, and Goldman Sachs on February 21, 2024. With an average price target of $37.67 between Keybanc, Wells Fargo, and Goldman Sachs, there's an implied 8.42% upside for RingCentral Inc from these 3 analyst ratings.

Analyst Rating Summary1

Analyst Ratings
Oct 23
2
Nov 23
1
1
1
Dec 23
2
Jan
1
Feb
3
5
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Keybanc
Wells Fargo
Goldman Sachs
Mizuho
Piper Sandler

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for RingCentral

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
02/21/2024RNGBuy Now
RingCentral
$34.7438.17%Keybanc
Thomas Blakey
$50 → $48MaintainsOverweightGet Alert
02/21/2024RNGBuy Now
RingCentral
$34.74-10.77%Wells Fargo
Michael Turrin
$36 → $31MaintainsEqual-WeightGet Alert
02/21/2024RNGBuy Now
RingCentral
$34.74-2.13%Goldman Sachs
Kash Rangan
$38 → $34MaintainsNeutralGet Alert
02/21/2024RNGBuy Now
RingCentral
$34.743.63%Mizuho
Siti Panigrahi
$40 → $36MaintainsBuyGet Alert
02/21/2024RNGBuy Now
RingCentral
$34.74-10.77%Piper Sandler
James Fish
$34 → $31MaintainsNeutralGet Alert
02/21/2024RNGBuy Now
RingCentral
$34.7415.14%Wedbush
Taz Koujalgi
→ $40ReiteratesNeutral → NeutralGet Alert
02/21/2024RNGBuy Now
RingCentral
$34.7420.9%Needham
Ryan Koontz
MaintainsBuyGet Alert
02/16/2024RNGBuy Now
RingCentral
$34.7415.14%Wedbush
Taz Koujalgi
→ $40ReiteratesNeutral → NeutralGet Alert
01/12/2024RNGBuy Now
RingCentral
$34.74-2.13%Piper Sandler
James Fish
$32 → $34MaintainsNeutralGet Alert
12/20/2023RNGBuy Now
RingCentral
$34.743.63%Wells Fargo
Michael Turrin
→ $36DowngradeOverweight → Equal-WeightGet Alert
12/12/2023RNGBuy Now
RingCentral
$34.740.75%Jefferies
Samad Samana
$40 → $35DowngradeBuy → HoldGet Alert
12/04/2023RNGBuy Now
RingCentral
$34.740.75%Rosenblatt
Catharine Trebnick
→ $35ReiteratesNeutral → NeutralGet Alert
11/15/2023RNGBuy Now
RingCentral
$34.740.75%Rosenblatt
Catharine Trebnick
→ $35ReiteratesNeutral → NeutralGet Alert
11/07/2023RNGBuy Now
RingCentral
$34.7443.93%Raymond James
Brian Peterson
$60 → $50MaintainsStrong BuyGet Alert
11/07/2023RNGBuy Now
RingCentral
$34.7432.41%Needham
Ryan Koontz
→ $46ReiteratesBuy → BuyGet Alert
10/23/2023RNGBuy Now
RingCentral
$34.740.75%Rosenblatt
Catharine Trebnick
$52 → $35DowngradeBuy → NeutralGet Alert
10/19/2023RNGBuy Now
RingCentral
$34.749.38%Morgan Stanley
Meta Marshall
$42 → $38MaintainsEqual-WeightGet Alert
08/29/2023RNGBuy Now
RingCentral
$34.7423.78%Northland Capital Markets
Michael Latimore
$47 → $43MaintainsOutperformGet Alert
08/09/2023RNGBuy Now
RingCentral
$34.7429.53%Barclays
Ryan Macwilliams
$55 → $45MaintainsOverweightGet Alert

FAQ

Q

What is the target price for RingCentral (RNG)?

A

The latest price target for RingCentral (NYSE: RNG) was reported by Keybanc on February 21, 2024. The analyst firm set a price target for $48.00 expecting RNG to rise to within 12 months (a possible 38.17% upside). 44 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for RingCentral (RNG)?

A

The latest analyst rating for RingCentral (NYSE: RNG) was provided by Keybanc, and RingCentral maintained their overweight rating.

Q

When was the last upgrade for RingCentral (RNG)?

A

The last upgrade for RingCentral Inc happened on May 26, 2023 when Needham raised their price target to $42. Needham previously had a hold for RingCentral Inc.

Q

When was the last downgrade for RingCentral (RNG)?

A

The last downgrade for RingCentral Inc happened on December 20, 2023 when Wells Fargo changed their price target from N/A to $36 for RingCentral Inc.

Q

When is the next analyst rating going to be posted or updated for RingCentral (RNG)?

A

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 February 21, 2024 so you should expect the next rating to be made available sometime around February 21, 2025.

Q

Is the Analyst Rating RingCentral (RNG) correct?

A

While ratings are subjective and will change, the latest RingCentral (RNG) rating was a maintained with a price target of $50.00 to $48.00. The current price RingCentral (RNG) is trading at is $34.74, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

People Also Watch