RingCentral (RNG) Shares Gain on 'Strong' Results, Oppenheimer Upgrades to Outperform
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RingCentral (RNG) PT Lowered to $100 at Jefferies
May 10, 2022 8:40 AM EDTJefferies analyst Samad Samana lowered the price target on RingCentral (NYSE: RNG) to $100.00 (from $120.00) while maintaining a Buy rating following earnings.
The analyst commented, "RNG beat consensus for total rev, ARR and margins. While the headline #'s were solid, sub rev and... More
RingCentral (RNG) PT Lowered to $120 at Truist Securities
May 10, 2022 7:16 AM EDTTruist Securities analyst Terry Tillman lowered the price target on RingCentral (NYSE: RNG) to $120.00 (from $295.00) while maintaining a Buy rating.... More
RingCentral (RNG) PT Lowered to $110 at Deutsche Bank
May 10, 2022 7:01 AM EDTDeutsche Bank analyst Matthew Niknam lowered the price target on RingCentral (NYSE: RNG) to $110.00 (from $210.00) while maintaining a Buy rating.... More
RingCentral (RNG) PT Lowered to $150 at Wells Fargo
May 10, 2022 6:52 AM EDTWells Fargo analyst Michael Turrin lowered the price target on RingCentral (NYSE: RNG) to $150.00 (from $185.00) while maintaining a Overweight rating.... More
RingCentral (RNG) Lead Metrics Decelerate, PT Lowered to $118 at Piper Sandler
May 10, 2022 6:49 AM EDTPiper Sandler analyst James Fish lowered the price target on RingCentral (NYSE: RNG) to $118.00 (from $228.00) after the company reported decelerating lead metrics and one of the smallest Q1 upsides to date. Despite this, shares are slightly higher premarket, due to strong billings, a 120... More
RingCentral (RNG) PT Lowered to $130 at Evercore ISI as Fundamentals Hold Up While Multiples Compress
May 10, 2022 6:34 AM EDTEvercore ISI analyst Peter Levine lowered the price target on RingCentral (NYSE: RNG) to $130.00 (from $225.00) after strong 1Q results and an upbeat CY22 outlook offered enough momentum to guide to another year of +30% growth despite the $2bn run-rate.
The analyst reiterated an Outperform rating,... More
RingCentral (RNG) PT Lowered to $135 at Raymond James
May 10, 2022 5:48 AM EDTRaymond James analyst Brian Peterson lowered the price target on RingCentral (NYSE: RNG) to $135.00 (from $300.00) while maintaining a Strong Buy rating.... More
RingCentral (RNG) PT Lowered to $80 at Wolfe Research
May 10, 2022 5:13 AM EDTWolfe Research analyst Alex Zukin lowered the price target on RingCentral (NYSE: RNG) to $80.00 (from $115.00) while maintaining a Outperform rating.... More
RingCentral (RNG) PT Lowered to $84 at UBS
May 10, 2022 4:11 AM EDTUBS analyst Taylor McGinnis lowered the price target on RingCentral (NYSE: RNG) to $84.00 (from $165.00) while maintaining a Neutral rating.... More
RingCentral (RNG) PT Lowered to $105 at Morgan Stanley
May 10, 2022 3:39 AM EDTMorgan Stanley analyst Meta Marshall lowered the price target on RingCentral (NYSE: RNG) to $105.00 (from $165.00) while maintaining a Equalweight rating.... More
