Needham Reiterates Buy on RingCentral, Maintains $42 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz has reiterated a Buy rating on RingCentral (NYSE:RNG) and maintained a $42 price target on the stock.

May 08, 2024 | 11:09 am
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Needham analyst Ryan Koontz reiterates a Buy rating on RingCentral with a $42 price target.
The reiteration of a Buy rating by a reputable analyst, along with a maintained price target, typically signals continued confidence in the company's prospects. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100