RingCentral, Inc. (RNG) Tops Q2 EPS by 3c, Beats on Revenue; Offers FY24 Guidance

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Go back to RingCentral, Inc. (RNG) Tops Q2 EPS by 3c, Beats on Revenue; Offers FY24 Guidance

Rosenblatt Upgrades RingCentral (RNG) to Buy

August 2, 2024 6:54 AM EDT

Rosenblatt analyst Catharine Trebnick upgraded RingCentral (NYSE: RNG) from Neutral to Buy with a price target of $45.00.

The analyst comments "RingCentral's 2Q results significantly exceeded expectations across all key metrics, solidifying our confidence in the company's growth trajectory and prompting us to upgrade our rating to Buy. Total revenue... More

RingCentral (RNG) PT Raised to $37 at Evercore ISI

August 2, 2024 5:06 AM EDT

Evercore ISI analyst Peter Levine raised the price target on RingCentral (NYSE: RNG) to $37.00 (from $35.00) while maintaining a In Line rating.

The analyst comments "Bottom line: While valuation at these levels may appear washed out, from our perspective, we struggle... More