RingCentral (RNG) Stock Rating Lowered by Zacks Investment Research
Summary
Morgan Stanley boosted their price target on shares of RingCentral from $84.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Monday, January 7th. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price objective on shares of RingCentral in a research report on Wednesday, November 7th. Finally, Bank of America cut their price target on RingCentral from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Tuesday, November 6th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. As a group, equities research analysts anticipate that RingCentral will post -0.09 EPS for the current fiscal year.
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