Needham Maintains Buy on RingCentral, Raises Price Target to $46
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan Koontz maintains a Buy rating on RingCentral (NYSE:RNG) and raises the price target from $42 to $46.
August 08, 2023 | 11:27 am
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POSITIVE IMPACT
Needham analyst maintains a Buy rating on RingCentral and raises the price target from $42 to $46, which could positively impact the stock.
The raised price target by Needham 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