On May 9, 2025, UBS analyst Taylor McGinnis maintained a 'Neutral' rating on RingCentral (RNG, Financial). McGinnis has lowered the price target from $38.00 to $33.00, a decrease of 13.16% from the previous price target. The adjustments reflect the analyst's neutral stance, indicating a cautious approach to RingCentral's future market performance.
This updated valuation by UBS aligns with the current market conditions and potential developments in the technology sector. Investors should note that the recent adjustments in RingCentral's (RNG, Financial) price target are based on comprehensive research and reflect the analyst's current evaluation of the company's stock.
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 19.27% from the current price of $27.72. 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 54.04% from the current price of $27.72. 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.
