Close

UPDATE: RingCentral (RNG) PT Raised to $455 as Morgan Stanley Sees Upside as Partnerships Ramp

Go back to UPDATE: RingCentral (RNG) PT Raised to $455 as Morgan Stanley Sees Upside as Partnerships Ramp

RingCentral (RNG) PT Raised to $500 at Rosenblatt

February 17, 2021 5:06 AM EST

Rosenblatt analyst Ryan Koontz raised the price target on RingCentral (NYSE: RNG) to $500.00 (from $430.00) while maintaining a Buy rating.

The analyst comments "RNG reported very strong 4Q20 results (AMC), beating consensus revenue (by +5%) and earnings (by +$.02). Total revenue (grew +33% y/y) with subscription... More