Barclays analyst Ryan MacWilliams lowered the firm’s price target on RingCentral to $45 from $55 and keeps an Overweight rating on the shares. The firm is positive on the company’s product announcement and believes that RingCentral possesses a large upsell opportunity within its installed base, though Barclays also warns that a CEO change could drive uncertainty, the analyst tells investors in a research note.
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