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NYSE: RNG
RingCentral Inc Stock Forecast, Predictions & Price Target

Analyst price target for RNG

Based on 18 analysts offering 12 month price targets for RingCentral Inc.
Min Forecast
$300.00+50.45%
Avg Forecast
$430.33+115.81%
Max Forecast
$535.00+168.3%

Should I buy or sell RNG stock?

Based on 19 analysts offering ratings for RingCentral Inc.
Strong Buy
Strong Buy
12 analysts 63.16%
Buy
5 analysts 26.32%
Hold
2 analysts 10.53%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

RNG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Wells Fargo
Top 11%
90
Strong BuyMaintains$400.00+100.60%2021-11-10Find out why
Needham
Top 23%
78
BuyMaintains$400.00+100.60%2021-11-10
KeyBanc
Top 42%
59
Strong BuyMaintains$404.00+102.61%2021-11-10Find out why
Barclays
Bottom 14%
14
Strong BuyInitiates Coverage On$350.00+75.53%2021-10-21
Piper Sandler
Top 22%
79
Strong BuyMaintains$342.00+71.51%2021-08-04
UBS
Bottom 26%
26
HoldMaintains$300.00+50.45%2021-08-04
Deutsche Bank
Top 41%
60
Strong BuyMaintains$400.00+100.60%2021-08-04
BTIG
Top 13%
88
Strong BuyMaintains$400.00+100.60%2021-05-26
Anonymous
Morgan Stanley
Strong BuyMaintains$390.00+95.59%2021-05-14
Raymond James
Top 14%
87
Strong BuyMaintains$410.00+105.62%2021-05-05

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Forecast return on equity

Is RNG forecast to generate an efficient return?
Company
N/A
Industry
-45.14%
Market
37.5%

Forecast return on assets

Is RNG forecast to generate an efficient return on assets?
Company
N/A
Industry
5.89%

RNG earnings per share forecast

What is RNG's earnings per share in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
-$1.90-33.1%
Avg 2 year Forecast
-$1.99-29.93%
Avg 3 year Forecast
-$2.55-10.21%

RNG revenue forecast

What is RNG's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$1.6B+6.75%
Avg 2 year Forecast
$2.0B+32.16%
Avg 3 year Forecast
$2.4B+63.55%
RNG's revenue is forecast to grow at a rate of 17.55% per year, which is not exceptional
Forecast

RNG revenue growth forecast

How is RNG forecast to perform vs Software - Application companies and vs the US market?
Company
17.55%
Industry
17.35%
Market
10.08%
RNG's revenues are forecast to grow faster (17.55% per year) than the US Software - Application industry average (17.35%)
Forecast
RNG's revenues are forecast to grow faster (17.55% per year) than the US market average (10.08%)
Forecast

RingCentral Stock Forecast FAQ

Is RingCentral Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 19 Wall Street analysts covering (NYSE: RNG) stock is to Strong Buy RNG stock.

Out of 19 analysts, 12 (63.16%) are recommending RNG as a Strong Buy, 5 (26.32%) are recommending RNG as a Buy, 2 (10.53%) are recommending RNG as a Hold, 0 (0%) are recommending RNG as a Sell, and 0 (0%) are recommending RNG as a Strong Sell.

What is RNG's earnings growth forecast for 2021-2023?

(NYSE: RNG) RingCentral's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 3.13%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

RingCentral's earnings in 2021 is -$259,720,000.On average, 5 Wall Street analysts forecast RNG's earnings for 2021 to be $-175,107,015, with the lowest RNG earnings forecast at $-185,244,790, and the highest RNG earnings forecast at $-159,439,546. On average, 5 Wall Street analysts forecast RNG's earnings for 2022 to be $-183,401,558, with the lowest RNG earnings forecast at $-282,936,072, and the highest RNG earnings forecast at $-98,612,898.

In 2023, RNG is forecast to generate $-235,012,047 in earnings, with the lowest earnings forecast at $-344,684,335 and the highest earnings forecast at $-124,418,142.

What is RNG's revenue growth forecast for 2021-2023?

(NYSE: RNG) RingCentral's forecast annual revenue growth rate of 17.55% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 17.35%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 10.08%.

RingCentral's revenue in 2021 is $1,480,794,000.On average, 11 Wall Street analysts forecast RNG's revenue for 2021 to be $145,689,128,891, with the lowest RNG revenue forecast at $145,283,525,747, and the highest RNG revenue forecast at $146,306,519,363. On average, 12 Wall Street analysts forecast RNG's revenue for 2022 to be $180,360,317,921, with the lowest RNG revenue forecast at $175,619,157,239, and the highest RNG revenue forecast at $186,207,417,646.

In 2023, RNG is forecast to generate $223,206,239,717 in revenue, with the lowest revenue forecast at $212,578,073,342 and the highest revenue forecast at $236,008,958,737.

What is RNG's forecast return on assets (ROA) for 2021-2024?

(NYSE: RNG) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 5.89%.

What is RNG's Price Target?

According to 18 Wall Street analysts that have issued a 1 year RNG price target, the average RNG price target is $430.33, with the highest RNG stock price forecast at $535.00 and the lowest RNG stock price forecast at $300.00.

On average, Wall Street analysts predict that RingCentral's share price could stay at $430.33 by Nov 10, 2022. The average RingCentral stock price prediction forecasts a potential downside of N/A from the current RNG share price of $199.40.

What is RNG's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: RNG) RingCentral's current Earnings Per Share (EPS) is -$2.84. On average, analysts forecast that RNG's EPS will be $-1.90 for 2021, with the lowest EPS forecast at $-2.01, and the highest EPS forecast at $-1.73. On average, analysts forecast that RNG's EPS will be $-1.99 for 2022, with the lowest EPS forecast at $-3.07, and the highest EPS forecast at $-1.07. In 2023, RNG's EPS is forecast to hit $-2.55 (min: $-3.74, max: $-1.35).

What is RNG's forecast return on equity (ROE) for 2021-2024?

(NYSE: RNG) forecast ROE is N/A, which is considered weak.
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