RingCentral (RNG)
NYSE:RNG

RingCentral (RNG) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

RNG Analyst Ratings

Moderate Buy
19Ratings
14 Buy
5 Hold
0 Sell
Based on 19 analysts giving stock ratings to
RingCentral
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

RNG Stock 12 Months Forecast

Average Price Target

$51.24
▲(33.86% Upside)
Based on 19 Wall Street analysts offering 12 month price targets for RingCentral in the last 3 months. The average price target is $51.24 with a high forecast of $80.00 and a low forecast of $31.00. The average price target represents a 33.86% change from the last price of $38.28.
Highest Price Target$80.00Average Price Target$51.24Lowest Price Target$31.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
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Article
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MoffettNathanson
$55.00
Buy
43.68%
Upside
Reiterated
RingCentral (RNG) PT Lowered to $55 at MoffettNathansonMoffettNathanson analyst Jackson Ader lowered the price target on RingCentral (NYSE: RNG) to $55.00 (from $87.00) while maintaining a Outperform rating.
Bank of America Securities
$75.00
Buy
95.92%
Upside
Reiterated
We are lowering our target multiple based on continued multiple compression across the software. Our revised target multiple reflects macroeconomic and rate uncertainty rather than a fundamental reassessment of the business. Our PO of $75 represents EV/Rev of 3.2x (prior 4.2x C23) of our CY24 estimates and implies an EV/Rev/Growth multiple of 0.2x. Our 3.3x multiple is a premium to the peer group at 2.2x (inline on EV/Rev/Growth) based on margin upside, positive FCF and market share gains. We reiterate our Buy rating based on higher top line growth relative to peers, FCF generation potential, accelerating partnership revenue and a differentiated product offering.
KeyBanc
$45.00
Buy
17.55%
Upside
Reiterated
KeyBanc Keeps Their Buy Rating on RingCentral (RNG)
Evercore ISI
$40.00
Buy
4.49%
Upside
Reiterated
RingCentral (RNG) PT Lowered to $40 at Evercore ISIEvercore ISI analyst Peter Levine lowered the price target on RingCentral (NYSE: RNG) to $40.00 (from $90.00) while maintaining a Outperform rating.
BTIG
Hold
Reiterated
Analysts Offer Insights on Technology Companies: Palo Alto Networks (NASDAQ: PANW) and RingCentral (NYSE: RNG)
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RNG Financial Forecast

RNG Earnings Forecast
Next quarter’s earnings estimate for RNG is $0.59 with a range of $0.58 to $0.62. The previous quarter’s EPS was $0.55. RNG beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.72% of the time in the same period. In the last calendar year RNG has Outperformed its overall industry.
Next quarter’s earnings estimate for RNG is $0.59 with a range of $0.58 to $0.62. The previous quarter’s EPS was $0.55. RNG beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.72% of the time in the same period. In the last calendar year RNG has Outperformed its overall industry.
RNG Sales Forecast
Next quarter’s sales forecast for RNG is $528.27M with a range of $522.90M to $546.89M. The previous quarter’s sales results were $509.03M. RNG beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.08% of the time in the same period. In the last calendar year RNG has Outperformed its overall industry.
Next quarter’s sales forecast for RNG is $528.27M with a range of $522.90M to $546.89M. The previous quarter’s sales results were $509.03M. RNG beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.08% of the time in the same period. In the last calendar year RNG has Outperformed its overall industry.
RNG Analyst Recommendation Trends
In the current month, RNG has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The RNG average analyst price target in the past 3 months is $51.24
In the current month, RNG has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The RNG average analyst price target in the past 3 months is $51.24

RNG Stock Forecast FAQ

What is RNG’s average 12-month price target, according to analysts?
Based on analyst ratings, RingCentral’s 12-month average price target is $51.24.
    What is RNG’s upside potential, based on the analysts’ average price target?
    RingCentral has 33.86% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is RNG a Buy, Sell or Hold?
          RingCentral has a conensus rating of Moderate Buy which is based on 14 buy ratings, 5 hold ratings and 0 sell ratings.
            What is RingCentral’s price target?
            The average price target for RingCentral is $51.24. This is based on 19 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $80.00 ,the lowest forecast is $31.00. The average price target represents 33.86% Increase from the current price of $38.28.
              What do analysts say about RingCentral?
              RingCentral’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 19 Wall Streets Analysts.

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