Piper Sandler Maintains Neutral on RingCentral, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst James Fish has maintained a Neutral rating on RingCentral (NYSE:RNG) and increased the price target from $32 to $34.
January 12, 2024 | 3:53 pm
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Piper Sandler's analyst has reaffirmed a Neutral rating on RingCentral but raised the price target from $32 to $34, indicating a potential upside from the previous target.
The increase in price target by Piper Sandler suggests a positive outlook on RingCentral's valuation, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price.
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