Morgan Stanley analyst Meta Marshall maintained a Hold rating on RingCentral (RNG) today and set a price target of $190.00. The company’s shares closed last Monday at $205.40.
According to TipRanks.com, Marshall is a 2-star analyst with an average return of -5.3% and a 51.2% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Lumentum Holdings, and Viavi Solutions.
RingCentral has an analyst consensus of Strong Buy, with a price target consensus of $239.79.
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The company has a one-year high of $252.20 and a one-year low of $101.33. Currently, RingCentral has an average volume of 1.35M.
Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RNG in relation to earlier this year.
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RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firms solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones; and allow for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.
