Rosenblatt analyst Catharine Trebnick raised the firm’s price target on RingCentral to $52 from $40 and keeps a Buy rating on the shares ahead of the company reporting fiscal Q2 results after market close on Monday, August 7. The firm believes the stock has “overcorrected” and sees potential for a rebound with steady growth and improved profitability, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RNG:
- RingCentral opens inaugural office in Bengaluru
- RingCentral price target raised to $54 from $45 at KeyBanc
- Jefferies software/tech analyst to hold an analyst/industry conference call
- Ringcentral call volume above normal and directionally bullish
- Piper ups RingCentral target to $37 after weighing activist options
