RingCentral, Inc. (RNG)
NYSE: RNG · Real-Time Price · USD
36.16
-0.29 (-0.80%)
Nov 4, 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 40.07, with a low estimate of 31 and a high estimate of 50. The average target predicts an increase of 10.81% from the current stock price of 36.16.

Analyst Consensus: Buy
Target Low Average Median High
Price $31 $40.07 $40 $50
Change -14.27% +10.81% +10.62% +38.27%

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 '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 445555
Buy 444442
Hold 10109998
Sell 000000
Strong Sell 000000
Total 181818181815

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Rosenblatt
Rosenblatt
Strong Buy
Maintains
$45
Strong Buy Maintains $45 +24.45% Nov 1, 2024
Deutsche Bank
Deutsche Bank
Strong Buy
Maintains
$42$45
Strong Buy Maintains $42$45 +24.45% Aug 6, 2024
Baird
Baird
Hold
Maintains
$35$36
Hold Maintains $35$36 -0.44% Aug 5, 2024
Needham
Needham
Strong Buy
Reiterates
$42
Strong Buy Reiterates $42 +16.15% Aug 5, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$28$35
Hold Maintains $28$35 -3.21% Aug 2, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
2.42B
from 2.20B
Increased by 9.83%
Revenue Next Year
2.61B
from 2.42B
Increased by 7.85%
EPS This Year
3.69
from -1.74
EPS Next Year
4.21
from 3.69
Increased by 13.87%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
902.86M1.18B1.59B1.99B2.20B2.42B2.61B2.79B
Revenue Growth
34.03%31.10%34.73%24.68%10.77%9.83%7.85%6.78%
EPS
-0.64-0.94-4.10-9.23-1.743.694.214.59
EPS Growth
------13.87%9.17%
Forward PE
-----9.798.607.88
No. Analysts -----222211
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 2.5B 2.8B 3.0B
Avg 2.4B 2.6B 2.8B
Low 2.3B 2.5B 2.6B

Revenue Growth

Revenue Growth 20242025202620272028
High
14.3%
14.0%
13.5%
Avg
9.8%
7.9%
6.8%
Low
6.5%
3.6%
0.9%

EPS Forecast

EPS 20242025202620272028
High 3.91 4.74 5.20
Avg 3.69 4.21 4.59
Low 3.56 3.75 4.21

EPS Growth

EPS Growth 20242025202620272028
High -
28.2%
23.6%
Avg -
13.9%
9.2%
Low -
1.6%
0.2%
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.