In a report released today, Meta Marshall from Morgan Stanley maintained a Hold rating on RingCentral (RNG), with a price target of $140.00. The company’s shares closed last Monday at $148.72, close to its 52-week high of $149.66.
According to TipRanks.com, Marshall is a 1-star analyst with an average return of -1.1% and a 54.5% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as Plantronics, Ciena Corp, and Infinera.
Currently, the analyst consensus on RingCentral is a Strong Buy with an average price target of $155.92.
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The company has a one-year high of $149.66 and a one-year low of $64.41. Currently, RingCentral has an average volume of 730.4K.
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RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. Its 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.
