On May 9, 2025, analyst Daniel Ives from Wedbush issued a report on RingCentral (RNG, Financial), maintaining a 'Neutral' rating for the stock. This decision follows Ives's latest evaluation of RingCentral's market position and financial outlook.
Notably, Wedbush has adjusted its price target for RingCentral (RNG, Financial), lowering it from $38.00 to $30.00 USD. This represents a 21.05% decrease in the previous price target, indicating recalibrated expectations for the company's stock performance.
The stock's current rating remains unchanged at 'Neutral', consistent with the prior assessment by the analyst, suggesting neither a strong buy nor an immediate sell recommendation. Investors are advised to consider this updated target in their market strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for RingCentral Inc (RNG, Financial) is $33.06 with a high estimate of $45.00 and a low estimate of $24.00. The average target implies an upside of 17.74% from the current price of $28.08. More detailed estimate data can be found on the RingCentral Inc (RNG) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, RingCentral Inc's (RNG, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for RingCentral Inc (RNG, Financial) in one year is $42.70, suggesting a upside of 52.07% from the current price of $28.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the RingCentral Inc (RNG) Summary page.
