Rosenblatt Upgrades RingCentral to Buy, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Catharine Trebnick has upgraded RingCentral (NYSE:RNG) from Neutral to Buy and raised the price target from $35 to $45.
August 02, 2024 | 3:56 pm
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Rosenblatt analyst Catharine Trebnick has upgraded RingCentral (NYSE:RNG) from Neutral to Buy and raised the price target from $35 to $45.
The upgrade from Neutral to Buy and the increase in the price target from $35 to $45 by a reputable analyst is likely to positively impact RingCentral's stock price in the short term. Such upgrades typically signal confidence in the company's future performance and can attract more investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100