RingCentral shares are trading higher after Needham upgraded the stock from Hold to Buy and announced a $42 price target.
Portfolio Pulse from Benzinga Newsdesk
Needham upgraded RingCentral's stock from Hold to Buy and set a $42 price target, causing the shares to trade higher.
May 26, 2023 | 12:24 pm
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POSITIVE IMPACT
RingCentral's stock upgraded to Buy by Needham with a $42 price target, leading to higher trading.
The upgrade from Needham is a positive signal for RingCentral's stock, as it indicates increased confidence in the company's performance. The $42 price target suggests potential upside, which could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100