
RingCentral (RNG) Stock Forecast & Price Target
RingCentral (RNG) Analyst Ratings
Bulls say
RingCentral has demonstrated positive financial momentum, with Non-GAAP operating margins expanding to 21.8%, surpassing consensus estimates, indicating improved profitability. The company's partnership with Teams is showing robust growth, as integration users increased by 30% year-over-year last quarter, which is a notable acceleration compared to RingCentral's overall performance. Furthermore, management's commitment to operational efficiency is reflected in sustained margin improvements, suggesting a well-executed strategy to enhance financial stability and growth potential.
Bears say
The financial outlook for RingCentral is adversely impacted by potential delays in manufacturing and delivery processes, which may lead to reduced shipments and negatively affect revenue. Additionally, the company's slower-than-expected penetration into international markets poses a significant challenge, as expanded operations and customer acquisition globally are critical for future growth. These factors collectively highlight vulnerabilities in RingCentral's operational efficiency and market expansion strategy, contributing to a negative assessment of its stock.
This aggregate rating is based on analysts' research of RingCentral and is not a guaranteed prediction by Public.com or investment advice.
RingCentral (RNG) Analyst Forecast & Price Prediction
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