Analyst Expectations for RingCentral's Future
Portfolio Pulse from Benzinga Insights
Analysts have provided various ratings for RingCentral (NYSE:RNG) within the last quarter, with a total of 4 bullish, 6 somewhat bullish, and 4 indifferent ratings. The average price target given by these 14 analysts is $43.21, slightly above the current price of $42.9. However, this average has decreased by 9.7% from the previous average price target of $47.85.
July 19, 2023 | 9:00 pm
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RingCentral has received mixed ratings from analysts, with a slight potential upside based on the average price target.
The mixed ratings from analysts indicate uncertainty about the company's future performance. However, the average price target suggests a slight potential upside, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100