Ringcentral, Inc. (RNG) Tops Q1 EPS by 2c; Raises Outlook

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RingCentral (RNG) PT Raised to $135 at Rosenblatt

May 7, 2019 7:34 AM EDT

Rosenblatt analyst Ryan Koontz raised the price target on RingCentral (NYSE: RNG) to $135.00 (from $105.00) while maintaining a Buy rating.

The analyst commented, "RNG posted 1Q19 revenue and earnings results that were solidly ahead of our estimates and the company guided the balance of 2019... More