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

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Analyst price target for RNG

Based on 21 analysts offering 12 month price targets for Ringcentral Inc.
Min Forecast
$40.00-1.96%
Avg Forecast
$110.76+171.48%
Max Forecast
$252.00+517.65%

Should I buy or sell RNG stock?

Based on 22 analysts offering ratings for Ringcentral Inc.
Strong Buy
Strong Buy
13 analysts 59.09%
Buy
4 analysts 18.18%
Hold
5 analysts 22.73%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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RNG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Credit Suisse
Top 50%
51
HoldInitiates Coverage On$40.00-1.96%2022-09-23
Moffett Nathanson
Bottom 1%
1
Strong BuyInitiates Coverage On$90.00+120.59%2022-09-22
KeyBanc
Bottom 21%
21
Strong BuyInitiates Coverage On$59.00+44.61%2022-09-13
MKM Partners
Bottom 31%
31
Strong BuyInitiates Coverage On$80.00+96.08%2022-08-04
Deutsche Bank
Bottom 8%
8
Strong BuyMaintains$70.00+71.57%2022-08-03
UBS
Bottom 7%
7
HoldMaintains$60.00+47.06%2022-08-03
Mizuho
Bottom 4%
4
Strong BuyMaintains$80.00+96.08%2022-08-03
BTIG
Bottom 16%
16
Strong BuyMaintains$105.00+157.35%2022-08-03
Wells Fargo
Bottom 1%
1
Strong BuyMaintains$100.00+145.10%2022-08-03
Raymond James
Bottom 1%
1
Strong BuyMaintains$90.00+120.59%2022-08-03

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Forecast return on equity

Is RNG forecast to generate an efficient return?

Forecast return on assets

Is RNG forecast to generate an efficient return on assets?
Company
N/A
Industry
4.95%

RNG earnings per share forecast

What is RNG's earnings per share in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
-$1.42
Avg 2 year Forecast
-$1.16
Avg 3 year Forecast
-$0.79

RNG revenue forecast

What is RNG's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$2.0B+10.26%
Avg 2 year Forecast
$2.4B+33.71%
Avg 3 year Forecast
$2.9B+60.04%
RNG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

RNG revenue growth forecast

How is RNG forecast to perform vs Software - Application companies and vs the US market?
Company
16.69%
Industry
16.65%
Market
8.46%
RNG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
RNG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

RNG vs App Stocks

TickerPricePrice TargetUp/downsideConsensus
RNG$40.80$110.76+171.48%Strong Buy
ALIT$7.09$12.33+73.95%Strong Buy
ASAN$20.66$36.78+78.04%Hold
FRSH$13.27$28.27+113.03%Buy
BMBL$21.23$35.39+66.67%Buy

Ringcentral Stock Forecast FAQ

Is Ringcentral Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 22 Wall Street analysts covering (NYSE: RNG) stock is to Strong Buy RNG stock.

Out of 22 analysts, 13 (59.09%) are recommending RNG as a Strong Buy, 4 (18.18%) are recommending RNG as a Buy, 5 (22.73%) are recommending RNG as a Hold, 0 (0%) are recommending RNG as a Sell, and 0 (0%) are recommending RNG as a Strong Sell.

If you're new to stock investing, here's how to buy Ringcentral stock.

What is RNG's earnings growth forecast for 2022-2024?

(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 26.3%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.42%.

Ringcentral's earnings in 2022 is -$575,595,000.On average, 10 Wall Street analysts forecast RNG's earnings for 2022 to be -$135,352,551, with the lowest RNG earnings forecast at -$142,024,860, and the highest RNG earnings forecast at -$122,007,933. On average, 10 Wall Street analysts forecast RNG's earnings for 2023 to be -$110,569,690, with the lowest RNG earnings forecast at -$143,931,234, and the highest RNG earnings forecast at -$71,489,024.

In 2024, RNG is forecast to generate -$75,301,771 in earnings, with the lowest earnings forecast at -$114,382,438 and the highest earnings forecast at -$21,923,301.

What is RNG's revenue growth forecast for 2022-2024?

(NYSE: RNG) Ringcentral's forecast annual revenue growth rate of 16.69% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 16.65%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.46%.

Ringcentral's revenue in 2022 is $1,817,677,000.On average, 10 Wall Street analysts forecast RNG's revenue for 2022 to be $191,034,779,652, with the lowest RNG revenue forecast at $189,693,740,890, and the highest RNG revenue forecast at $193,249,128,325. On average, 10 Wall Street analysts forecast RNG's revenue for 2023 to be $231,655,795,992, with the lowest RNG revenue forecast at $225,011,224,873, and the highest RNG revenue forecast at $239,593,079,293.

In 2024, RNG is forecast to generate $277,289,717,978 in revenue, with the lowest revenue forecast at $265,815,253,113 and the highest revenue forecast at $290,474,200,285.

What is RNG's forecast return on assets (ROA) for 2022-2025?

(NYSE: RNG) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 4.95%.

What is RNG's Price Target?

According to 21 Wall Street analysts that have issued a 1 year RNG price target, the average RNG price target is $110.76, with the highest RNG stock price forecast at $252.00 and the lowest RNG stock price forecast at $40.00.

On average, Wall Street analysts predict that Ringcentral's share price could reach $110.76 by Sep 23, 2023. The average Ringcentral stock price prediction forecasts a potential upside of 171.48% from the current RNG share price of $40.80.

What is RNG's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: RNG) Ringcentral's current Earnings Per Share (EPS) is -$6.15. On average, analysts forecast that RNG's EPS will be -$1.42 for 2022, with the lowest EPS forecast at -$1.49, and the highest EPS forecast at -$1.28. On average, analysts forecast that RNG's EPS will be -$1.16 for 2023, with the lowest EPS forecast at -$1.51, and the highest EPS forecast at -$0.75. In 2024, RNG's EPS is forecast to hit -$0.79 (min: -$1.20, max: -$0.23).

What is RNG's forecast return on equity (ROE) for 2022-2025?

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