Wells Fargo Maintains Equal-Weight on RingCentral, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Equal-Weight rating on RingCentral (NYSE:RNG) and raises the price target from $28 to $35.
August 02, 2024 | 6:50 pm
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Wells Fargo analyst Michael Turrin maintains an Equal-Weight rating on RingCentral and raises the price target from $28 to $35.
The raised price target from $28 to $35 by a reputable analyst at Wells Fargo is a positive signal for investors, indicating potential upside. However, the Equal-Weight rating suggests a balanced view, implying that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100