RNG Similar Chart Price Prediction
The price of RNG is predicted to go up 14.58%, based on the high correlation periods with SCHW. The similarity of these two price pattern on the periods is 95.6%.
RNG
SCHW
Up: 14.58%Similarity: 95.6%
RNG Revenue Forecast
RNG EPS Forecast
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RNG VS S&P500
RingCentral has inked partnerships with a variety of legacy PBX and telecommunication service providers to deliver co-branded UCaaS solutions to approximately half of the 400 million on-premises phone seats.
The market for telephony is enormous, serving more than 400 million on-premises seats. The COVID-19 lockdowns demonstrated the need for flexible UCaaS systems, which have significant benefits over traditional solutions.
RingCentral has been a leader in communication software for a decade and is well positioned in both its core UCaaS market and the CCaaS market.
RNG Analyst's Forecast
Siti Panigrahi
Mizuho
Hold
2025-02-10
Price Target
$42 → $36
Upside
+3.39%
Mizuho lowered the firm's price target on RingCentral to $36 from $42 and keeps a Neutral rating on the shares as part of an earnings preview. The firm cites concerns on the company's 2025 growth for the target cut.
Michael Turrin
Wells Fargo
Hold → Sell
2025-01-07
Price Target
$38 → $30
Downside
-11.84%
Brian Peterson
Raymond James
Strong Buy → Buy
2025-01-03
Price Target
$50 → $45
Upside
+27.12%
