Morgan Stanley Maintains Overweight on RingCentral, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Overweight rating on RingCentral (NYSE:RNG) and raised the price target from $45 to $49.
July 19, 2023 | 3:39 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on RingCentral and raised the price target from $45 to $49, which could lead to a positive market reaction.
The raised price target by Morgan Stanley indicates a positive outlook for RingCentral. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100