Needham Reiterates Buy on RingCentral, Maintains $46 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz has reiterated a 'Buy' rating on RingCentral (NYSE:RNG) and maintained a price target of $46.
November 07, 2023 | 3:43 pm
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RingCentral's stock rating has been reiterated as 'Buy' by Needham analyst Ryan Koontz, with a maintained price target of $46.
The reiteration of a 'Buy' rating by a reputable analyst like Ryan Koontz indicates a positive outlook for RingCentral's stock. The maintained price target of $46 also suggests that the analyst believes the stock is undervalued, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100