Where RingCentral Stands With Analysts
Portfolio Pulse from Benzinga Insights
RingCentral (NYSE:RNG) has received 6 analyst ratings in the last quarter, with 2 bullish and 4 indifferent. The average 12-month price target for RNG is $39.83, with a high of $50.00 and a low of $35.00. This target has decreased by 22.4% from the previous average of $51.33. Analyst ratings are important as they provide guidance on stock performance, though they are subject to analysts' human limitations.
December 04, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
RingCentral has a mixed analyst outlook with 2 bullish and 4 indifferent ratings. The average price target is now $39.83, a 22.4% decrease from the previous target.
The decrease in the average price target suggests a more cautious view from analysts, which could lead to a neutral short-term impact on RNG's stock price. The importance is high as price targets are a key factor in investment decisions, but the score remains neutral due to the mixed nature of the ratings (bullish and indifferent). The confidence level is high as the data is directly sourced from analyst ratings and price targets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100