Mizuho Maintains Buy on RingCentral, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Siti Panigrahi has maintained a Buy rating on RingCentral (NYSE:RNG) and increased the price target from $36 to $38.
May 08, 2024 | 12:04 pm
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Mizuho has reaffirmed its Buy rating on RingCentral and raised the price target to $38 from $36.
The increase in price target by a reputable analyst like Siti Panigrahi from Mizuho signals a positive outlook for RingCentral, likely leading to increased investor confidence and potentially a short-term rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100