Analyst Expectations for RingCentral's Future
Portfolio Pulse from Benzinga Insights
In the last 3 months, 15 analysts have offered 12-month price targets for RingCentral (NYSE:RNG), with an average price target of $42.07, representing a 14.4% decrease from the previous average price target of $49.15.
May 26, 2023 | 6:00 pm
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RingCentral's average 12-month price target from 15 analysts is $42.07, a 14.4% decrease from the previous average price target of $49.15.
The article provides an overview of analyst ratings for RingCentral over the past 3 months. The average 12-month price target has decreased by 14.4% from the previous average, indicating a potential change in sentiment. However, the article does not provide any specific reasons for the change in price targets, and the overall sentiment remains mixed with both bullish and bearish ratings. Therefore, the short-term impact on the stock price is neutral.
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