RingCentral Announces Third Quarter 2024 Results

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RingCentral (RNG) PT Raised to $38 at Goldman Sachs

November 8, 2024 4:55 AM EST

Goldman Sachs analyst Kash Rangan raised the price target on RingCentral (NYSE: RNG) to $38.00 (from $34.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating and raise our Price Target to $38 ($34 prior) on RingCentral following solid F3Q results that saw Total ARR +10%, Subscription Revenue +1.6% above Consensus (highest beat since F2Q22), Op. Income +1% and FCF... More