Needham Upgrades RingCentral to Buy, Announces $42 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan Koontz upgrades RingCentral (NYSE:RNG) from Hold to Buy and announces a $42 price target.
May 26, 2023 | 10:38 am
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RingCentral (NYSE:RNG) has been upgraded from Hold to Buy by Needham analyst Ryan Koontz, with a $42 price target.
The upgrade from Hold to Buy by Needham analyst Ryan Koontz indicates a positive outlook for RingCentral's stock. The announcement of a $42 price target suggests potential upside for the stock, which could lead to short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100