RingCentral (RNG) Receives a Hold from Morgan Stanley


Morgan Stanley analyst Meta Marshall maintained a Hold rating on RingCentral (RNG) today and set a price target of $136. The company’s shares closed last Monday at $132.03.

According to TipRanks.com, Marshall is a 2-star analyst with an average return of 0.1% and a 60.0% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as Plantronics, Ciena Corp, and Infinera.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for RingCentral with a $154.67 average price target.

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The company has a one-year high of $146.38 and a one-year low of $64.41. Currently, RingCentral has an average volume of 741.5K.

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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.

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