Mizuho Maintains Buy on RingCentral, Lowers Price Target to $40
Portfolio Pulse from jenniferd'souza@benzinga.com
Mizuho analyst Siti Panigrahi maintains a Buy rating on RingCentral (NYSE:RNG) but lowers the price target from $45 to $40.
August 08, 2023 | 1:22 pm
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NEUTRAL IMPACT
Mizuho maintains a Buy rating on RingCentral but lowers the price target from $45 to $40.
The news is directly related to RingCentral. While the maintained Buy rating is positive, the lowered price target might indicate a slower growth expectation, which could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100