Raymond James Maintains Strong Buy on RingCentral, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Peterson has maintained a 'Strong Buy' rating on RingCentral (NYSE:RNG) but lowered the price target from $60 to $50.
November 07, 2023 | 7:17 pm
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Raymond James has maintained a 'Strong Buy' rating on RingCentral but lowered the price target from $60 to $50.
While the 'Strong Buy' rating indicates a positive outlook for RingCentral, the lowering of the price target could potentially create some uncertainty among investors. This could lead to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100