RingCentral (RNG) Stock Forecast & Price Target

$37.97 -0.83 (-2.14%)

(As of 04:26 PM ET)

RingCentral - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
8

Buy
7

Based on 15 Wall Street analysts who have issued ratings for RingCentral in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 8 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for RNG.

Consensus Price Target

$40.60
6.93% Upside

According to the 15 analysts' twelve-month price targets for RingCentral, the average price target is $40.60. The highest price target for RNG is $50.00, while the lowest price target for RNG is $32.00. The average price target represents a forecasted upside of 6.93% from the current price of $37.97.

RNG Analyst Ratings Over Time

Type	Current Forecast 11/9/23 to 11/8/24	1 Month Ago 10/10/23 to 10/9/24	3 Months Ago 8/11/23 to 8/10/24	1 Year Ago 11/9/22 to 11/9/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	9 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$40.60	$40.07	$40.07	$42.09
Forecasted Upside	6.93% Upside	31.75% Upside	24.94% Upside	57.87% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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RNG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RNG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

RingCentral Stock vs. The Competition

Type	RingCentral	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.43	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	1.46% Upside	569.30% Upside	7.42% Upside
News Sentiment Rating	Neutral News See Recent RNG News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/8/2024	Raymond James 4 of 5 stars		Lower Target	Strong-Buy ➝ Strong-Buy	$52.00 ➝ $50.00	+35.06%
11/8/2024	Wedbush 3 of 5 stars	D. Ives Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$36.00 ➝ $41.00	+10.13%
11/8/2024	Piper Sandler 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$31.00 ➝ $38.00	-2.04%
11/1/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$45.00 ➝ $45.00	+24.93%
8/6/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$42.00 ➝ $45.00	+30.06%
8/5/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$42.00 ➝ $42.00	+19.12%
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8/5/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$35.00 ➝ $36.00	+2.10%
8/2/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$28.00 ➝ $35.00	+0.43%
8/2/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$43.00 ➝ $50.00	+45.56%
5/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$37.00 ➝ $40.00	+16.35%
5/8/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$36.00 ➝ $38.00	+26.67%
4/17/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$35.00 ➝ $32.00	+7.67%
2/21/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$50.00 ➝ $48.00	+50.80%
2/21/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$38.00 ➝ $34.00	+6.38%
12/12/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$40.00 ➝ $35.00	+10.10%
11/7/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Bhatia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
8/8/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$55.00 ➝ $45.00	+41.51%
8/8/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$45.00	+15.44%
8/8/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$38.00	-2.51%
5/11/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$55.00 ➝ $45.00	+50.15%
3/17/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform
1/23/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$40.00	+9.92%
12/21/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
11/15/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Sterling Auty Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$55.00	+31.99%
11/15/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$40.00	-4.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:47 PM ET.

RNG Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for RingCentral is $40.60, with a high forecast of $50.00 and a low forecast of $32.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 8 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RNG shares.
: According to analysts, RingCentral's stock has a predicted upside of 6.93% based on their 12-month stock forecasts.
: Over the previous 90 days, RingCentral's stock had 1 upgrade by analysts.
: RingCentral has been rated by research analysts at Piper Sandler, Raymond James, Rosenblatt Securities, and Wedbush in the past 90 days.
: Analysts like RingCentral less than other "computer and technology" companies. The consensus rating score for RingCentral is 2.53 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how RNG compares to other companies.

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This page (NYSE:RNG) was last updated on 11/8/2024 by MarketBeat.com Staff

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RingCentral (RNG) Stock Forecast & Price Target