RingCentral, Inc. (RNG)
NYSE: RNG · Real-Time Price · USD
28.95
-1.82 (-5.91%)
Feb 21, 2025, 4:00 PM EST - Market closed
RingCentral Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for RingCentral stock have an average target of 38.69, with a low estimate of 30 and a high estimate of 50. The average target predicts an increase of 33.64% from the current stock price of 28.95.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RingCentral stock from 13 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 4 | 3 | 3 |
| Buy | 4 | 4 | 2 | 2 | 3 | 2 |
| Hold | 9 | 9 | 8 | 8 | 8 | 7 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 15 | 14 | 15 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Maintains $38 → $31 | Hold | Maintains | $38 → $31 | +7.08% | Feb 21, 2025 |
| Needham | Needham | Strong Buy Maintains $42 → $36 | Strong Buy | Maintains | $42 → $36 | +24.35% | Feb 21, 2025 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $45 → $40 | Strong Buy | Maintains | $45 → $40 | +38.17% | Feb 21, 2025 |
| Barclays | Barclays | Hold Maintains $37 → $31 | Hold | Maintains | $37 → $31 | +7.08% | Feb 21, 2025 |
| Mizuho | Mizuho | Hold Maintains $42 → $36 | Hold | Maintains | $42 → $36 | +24.35% | Feb 10, 2025 |
Financial Forecast
Revenue This Year
2.42B
from 2.20B
Increased by 9.97%
Revenue Next Year
2.60B
from 2.42B
Increased by 7.35%
EPS This Year
3.73
from -1.74
EPS Next Year
4.25
from 3.73
Increased by 14.09%
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% | 13.0% | 13.2% | |||
| Avg | 10.0% | 7.3% | 7.0% | |||
| Low | 6.7% | 3.0% | 2.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 3.90 | 4.67 | 5.30 | |||
| Avg | 3.73 | 4.25 | 4.80 | |||
| Low | 3.59 | 3.86 | 4.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 25.2% | 24.7% | |||
| Avg | - | 14.1% | 12.9% | |||
| Low | - | 3.6% | 2.5% |
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.