RingCentral (RNG) PT Raised to $160 at Stifel

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RingCentral (RNG) PT Raised to $160 at Rosenblatt

July 30, 2019 7:23 AM EDT

Rosenblatt analyst Ryan Koontz raised the price target on RingCentral (NYSE: RNG) to $160.00 (from $140.00) while maintaining a Buy rating.

The analyst commented, "RNG posted another impressive quarter with 2Q19 revenue results (+34% y/y) that modestly beat our estimates and earnings in-line. The company... More