RingCentral, Inc. (RNG)
NYSE: RNG · IEX Real-Time Price · USD
30.64
+0.63 (2.10%)
Apr 26, 2024, 4:00 PM EDT - Market closed
RingCentral Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for RingCentral stock have an average target of 38.35, with a low estimate of 31 and a high estimate of 50. The average target predicts an increase of 25.16% from the current stock price of 30.64.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RingCentral stock from 18 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 4 | 4 | 4 | 4 |
| Buy | 5 | 4 | 4 | 4 | 4 | 4 |
| Hold | 11 | 13 | 12 | 11 | 11 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21 | 21 | 20 | 19 | 19 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $35 → $32 | Hold | Maintains | $35 → $32 | +4.44% | Apr 17, 2024 |
| Keybanc | Keybanc | Buy Maintains $50 → $48 | Buy | Maintains | $50 → $48 | +56.66% | Feb 21, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $36 → $31 | Hold | Maintains | $36 → $31 | +1.17% | Feb 21, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $38 → $34 | Hold | Maintains | $38 → $34 | +10.97% | Feb 21, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $40 → $36 | Strong Buy | Maintains | $40 → $36 | +17.49% | Feb 21, 2024 |
Financial Forecast
Revenue This Year
2.41B
from 2.20B
Increased by 9.33%
Revenue Next Year
2.61B
from 2.41B
Increased by 8.26%
EPS This Year
3.58
from -1.74
EPS Next Year
4.09
from 3.58
Increased by 14.16%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.5B | 2.8B | 3.0B | 3.6B | 4.0B |
| Avg | 2.4B | 2.6B | 2.8B | 3.4B | 3.8B |
| Low | 2.3B | 2.5B | 2.7B | 3.2B | 3.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.4% | 15.1% | 15.7% | 30.2% | 17.6% |
| Avg | 9.3% | 8.3% | 7.4% | 22.1% | 10.1% |
| Low | 5.5% | 3.5% | 2.0% | 15.5% | 3.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.87 | 4.52 | 4.98 | 4.71 | 5.15 |
| Avg | 3.58 | 4.09 | 4.49 | 4.53 | 4.95 |
| Low | 3.40 | 3.67 | 3.98 | 4.40 | 4.80 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 26.0% | 21.7% | 5.0% | 13.5% |
| Avg | - | 14.2% | 9.8% | 1.0% | 9.1% |
| Low | - | 2.3% | -2.7% | -2.0% | 5.9% |
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.