What 13 Analyst Ratings Have To Say About RingCentral
Portfolio Pulse from Benzinga Insights
RingCentral (NYSE:RNG) has received various analyst ratings in the last quarter, with 4 bullish, 6 somewhat bullish, and 3 indifferent. The average 12-month price target for the company, according to 13 analysts, is $45.46, representing a 2.11% decrease from the previous average price target of $46.44.
August 29, 2023 | 6:00 pm
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NEGATIVE IMPACT
RingCentral has received mixed analyst ratings, with a majority leaning towards bullish. The average 12-month price target is slightly lower than the previous one, indicating a potential decrease in stock price.
Analyst ratings can significantly influence stock prices. In this case, while there are more bullish ratings than indifferent ones, the decrease in the average 12-month price target could potentially lead to a decrease in RingCentral's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100