RingCentral, Inc. (RNG)
NYSE: RNG · Real-Time Price · USD
37.45
+0.29 (0.78%)
Dec 20, 2024, 4:00 PM EST - Market closed
RingCentral Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for RingCentral stock have an average target of 42, with a low estimate of 34 and a high estimate of 50. The average target predicts an increase of 12.15% from the current stock price of 37.45.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RingCentral stock from 14 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 5 | 5 | 4 |
| Buy | 4 | 4 | 4 | 4 | 2 | 2 |
| Hold | 10 | 9 | 9 | 9 | 8 | 8 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 18 | 18 | 15 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $38 → $40 | Hold | Maintains | $38 → $40 | +6.81% | Dec 18, 2024 |
| Mizuho | Mizuho | Buy → Hold Downgrades $42 | Buy → Hold | Downgrades | $42 | +12.15% | Dec 13, 2024 |
| Baird | Baird | Hold Maintains $36 → $38 | Hold | Maintains | $36 → $38 | +1.47% | Nov 11, 2024 |
| Needham | Needham | Strong Buy Reiterates $42 | Strong Buy | Reiterates | $42 | +12.15% | Nov 11, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $45 | Strong Buy | Maintains | $45 | +20.16% | Nov 8, 2024 |
Financial Forecast
Revenue This Year
2.42B
from 2.20B
Increased by 9.97%
Revenue Next Year
2.60B
from 2.42B
Increased by 7.43%
EPS This Year
3.73
from -1.74
EPS Next Year
4.27
from 3.73
Increased by 14.54%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.5B | 2.7B | 2.9B | |||
| Avg | 2.4B | 2.6B | 2.8B | |||
| Low | 2.4B | 2.5B | 2.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 14.4% | 13.2% | 13.1% | |||
| Avg | 10.0% | 7.4% | 7.0% | |||
| Low | 6.7% | 3.0% | 2.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 3.90 | 4.78 | 6.01 | |||
| Avg | 3.73 | 4.27 | 4.88 | |||
| Low | 3.59 | 3.86 | 4.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 28.1% | 40.6% | |||
| Avg | - | 14.5% | 14.2% | |||
| Low | - | 3.6% | 2.1% |
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.