RingCentral, Inc. (RNG)
NYSE: RNG · Real-Time Price · USD
36.91
+2.04 (5.85%)
Nov 22, 2024, 4:00 PM EST - Market closed
RingCentral Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for RingCentral stock have an average target of 40.73, with a low estimate of 32 and a high estimate of 50. The average target predicts an increase of 10.35% from the current stock price of 36.91.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RingCentral stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 5 | 5 |
| Buy | 4 | 4 | 4 | 4 | 4 | 2 |
| Hold | 10 | 10 | 9 | 9 | 9 | 8 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 18 | 18 | 18 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Hold Maintains $36 → $38 | Hold | Maintains | $36 → $38 | +2.95% | Nov 11, 2024 |
| Needham | Needham | Strong Buy Reiterates $42 | Strong Buy | Reiterates | $42 | +13.79% | Nov 11, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $45 | Strong Buy | Maintains | $45 | +21.92% | Nov 8, 2024 |
| Raymond James | Raymond James | Strong Buy Maintains $52 → $50 | Strong Buy | Maintains | $52 → $50 | +35.46% | Nov 8, 2024 |
| Wedbush | Wedbush | Hold Maintains $36 → $41 | Hold | Maintains | $36 → $41 | +11.08% | Nov 8, 2024 |
Financial Forecast
Revenue This Year
2.42B
from 2.20B
Increased by 9.88%
Revenue Next Year
2.61B
from 2.42B
Increased by 7.77%
EPS This Year
3.70
from -1.74
EPS Next Year
4.21
from 3.70
Increased by 13.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.5B | 2.7B | 3.0B | ||
| Avg | 2.4B | 2.6B | 2.8B | ||
| Low | 2.3B | 2.5B | 2.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.4% | 13.3% | 13.6% | ||
| Avg | 9.9% | 7.8% | 6.9% | ||
| Low | 6.5% | 3.5% | 1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.91 | 4.74 | 5.20 | ||
| Avg | 3.70 | 4.21 | 4.63 | ||
| Low | 3.56 | 3.75 | 4.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 28.0% | 23.5% | ||
| Avg | - | 13.8% | 10.0% | ||
| Low | - | 1.5% | 0.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.