NYSE:RNG

RingCentral (RNG) Price Target & Analyst Ratings

$35.19

-0.32 (-0.90%)

(As of 06/2/2023 ET)

Compare

Today's Range: $35.04
▼
$36.61
50-Day Range: $25.35
▼
$35.51
52-Week Range: $25.32
▼
$67.12

Volume: 1.33 million shs
Average Volume: 2.13 million shs
Market Capitalization: $3.36 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $47.17

RingCentral Consensus Rating and Price Target (2023)

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 Analyst Rating

Moderate Buy
Based on 22 Analyst Ratings

Consensus Analyst Price Target

$47.17
34.03% Upside

High Prediction	$105.00
Average Prediction	$47.17
Low Prediction	$29.00

Type	Current 6/2/22 to 6/2/23	1 Month Ago 5/3/22 to 5/3/23	3 Months Ago 3/4/22 to 3/4/23	1 Year Ago 6/2/21 to 6/2/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	17 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$47.17	$59.48	$60.82	$172.57
Predicted Upside	34.03% Upside	46.24% Upside	46.49% Upside	27.74% Upside

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RNG Analyst Ratings 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	2.64	2.55	2.49
Consensus Rating	Moderate Buy	Buy	Hold
Predicted Upside	33.62% Upside	345.07% Upside	200.38% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Historical Target Prices and 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
5/26/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$42.00	+42.37%
5/12/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$45.00 ➝ $32.00	+11.34%
5/11/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$55.00 ➝ $45.00	+50.15%
5/11/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$63.00 ➝ $54.00	+78.22%
5/11/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$52.00 ➝ $37.00	+22.11%
5/11/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$40.00 ➝ $45.00	+48.51%

5/10/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$50.00 ➝ $45.00	+69.81%
5/10/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$40.00 ➝ $45.00	+69.81%
5/10/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$60.00 ➝ $50.00	+88.68%
5/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$30.00 ➝ $32.00	+20.75%
5/10/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$45.00 ➝ $29.00	+9.43%
3/23/2023	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$35.00	+28.49%
3/17/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform
2/24/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$50.00 ➝ $45.00	+29.53%
2/21/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$50.00 ➝ $45.00	+21.72%
2/17/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$50.00 ➝ $44.00	+20.42%
2/17/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$40.00 ➝ $55.00	+48.37%
2/16/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy	$75.00 ➝ $62.00	+28.07%
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
12/14/2022	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$40.00	-4.40%
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%
11/10/2022	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$110.00 ➝ $60.00	+111.57%
10/18/2022	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
8/3/2022	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Stotler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform

(Data available from 6/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

RNG Price Target - Frequently Asked Questions

What is RingCentral's consensus rating and price target?: According to the issued ratings of 22 analysts in the last year, the consensus rating for RingCentral stock is Moderate Buy based on the current 9 hold ratings, 12 buy ratings and 1 strong buy rating for RNG. The average twelve-month price prediction for RingCentral is $47.17 with a high price target of $105.00 and a low price target of $29.00. Learn more on RNG's analyst rating history.
Do Wall Street analysts like RingCentral more than its competitors?: Analysts like RingCentral more than other Computer and Technology companies. The consensus rating for RingCentral is Moderate Buy while the average consensus rating for computer and technology companies is Buy. Learn more on how RNG compares to other companies.
Is RingCentral being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, RingCentral's stock had 2 upgrades and 1 downgrade by analysts.

Does RingCentral's stock price have much upside?: According to analysts, RingCentral's stock has a predicted upside of 32.19% based on their 12-month price targets.
What analysts cover RingCentral?: RingCentral has been rated by Credit Suisse Group, KeyCorp, Morgan Stanley, Needham & Company LLC, Northland Securities, Oppenheimer, Piper Sandler, Robert W. Baird, Rosenblatt Securities, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:RNG) was last updated on 6/2/2023 by MarketBeat.com Staff

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