WallStreetZenWallStreetZen

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

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for RNG

Based on 9 analysts offering 12 month price targets for Ringcentral Inc

Min Forecast
$35.00-14.7%
Avg Forecast
$42.67+3.99%
Max Forecast
$50.00+21.86%

Should I buy or sell RNG stock?

Based on 9 analysts offering ratings for Ringcentral Inc.

Buy
Strong Buy
3 analysts 33.33%
Buy
2 analysts 22.22%
Hold
4 analysts 44.44%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%
Our proven Zen Rating quant model "Strong Buy" agrees with analyst consensus "Buy" rating. Learn More

Be the first to know when Wall Street analysts revise their RNG stock forecasts and price targets.

RNG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-11-11
lockedlocked$00.00+00.00%2024-11-11
lockedlocked$00.00+00.00%2024-11-08
lockedlocked$00.00+00.00%2024-11-08
lockedlocked$00.00+00.00%2024-11-08
Piper Sandler
Top 16%
85
HoldMaintains$38.00-7.38%2024-11-08
Deutsche Bank
Bottom 8%
8
Strong BuyMaintains$45.00+9.68%2024-08-06
Wells Fargo
Top 16%
85
HoldMaintains$35.00-14.70%2024-08-02
Northland Securities
Bottom 3%
3
BuyMaintains$50.00+21.86%2024-08-02

1 of 1

Forecast return on equity

Is RNG forecast to generate an efficient return?

Company
N/A
Industry
30.91%
Market
70.63%

Forecast return on assets

Is RNG forecast to generate an efficient return on assets?

Company
N/A
Industry
11.39%

RNG earnings per share forecast

What is RNG's earnings per share in the next 3 years based on estimates from 8 analysts?

Avg 1 year Forecast
$0.84
Avg 2 year Forecast
$1.29
Avg 3 year Forecast
$1.87

RNG revenue forecast

What is RNG's revenue in the next 3 years based on estimates from 8 analysts?

Avg 1 year Forecast
$2.4B+1.72%
Avg 2 year Forecast
$2.6B+9.16%
Avg 3 year Forecast
$2.8B+16.92%
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
5.33%
Industry
12.8%
Market
8.87%
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$41.03$42.67+3.99%Buy
AGYS$133.66$137.80+3.10%Buy
ZI$11.04$11.02-0.15%Hold
COMP$7.06$7.60+7.65%Buy
LIF$48.01$48.00-0.02%Strong Buy
View Top App Stocks

Ringcentral Stock Forecast FAQ

Is Ringcentral Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: RNG) stock is to Buy RNG stock.

Out of 9 analysts, 3 (33.33%) are recommending RNG as a Strong Buy, 2 (22.22%) are recommending RNG as a Buy, 4 (44.44%) 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 2024-2026?

(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 15.74%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.33%.

Ringcentral's earnings in 2024 is -$98,343,000.On average, 8 Wall Street analysts forecast RNG's earnings for 2024 to be $75,853,170, with the lowest RNG earnings forecast at $71,440,157, and the highest RNG earnings forecast at $78,674,604. On average, 8 Wall Street analysts forecast RNG's earnings for 2025 to be $116,763,964, with the lowest RNG earnings forecast at $94,047,802, and the highest RNG earnings forecast at $152,827,679.

In 2026, RNG is forecast to generate $168,842,934 in earnings, with the lowest earnings forecast at $124,794,199 and the highest earnings forecast at $236,928,117.

What is RNG's revenue growth forecast for 2024-2026?

(NYSE: RNG) Ringcentral's forecast annual revenue growth rate of 5.33% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 12.8%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.87%.

Ringcentral's revenue in 2024 is $2,357,154,000.On average, 8 Wall Street analysts forecast RNG's revenue for 2024 to be $216,819,340,420, with the lowest RNG revenue forecast at $216,630,430,940, and the highest RNG revenue forecast at $216,906,786,789. On average, 8 Wall Street analysts forecast RNG's revenue for 2025 to be $232,694,699,855, with the lowest RNG revenue forecast at $231,094,440,329, and the highest RNG revenue forecast at $234,213,390,998.

In 2026, RNG is forecast to generate $249,224,686,251 in revenue, with the lowest revenue forecast at $246,380,463,681 and the highest revenue forecast at $251,451,267,967.

What is RNG's forecast return on assets (ROA) for 2024-2027?

(NYSE: RNG) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 11.39%.

What is RNG's Price Target?

According to 9 Wall Street analysts that have issued a 1 year RNG price target, the average RNG price target is $42.67, with the highest RNG stock price forecast at $50.00 and the lowest RNG stock price forecast at $35.00.

On average, Wall Street analysts predict that Ringcentral's share price could reach $42.67 by Nov 11, 2025. The average Ringcentral stock price prediction forecasts a potential upside of 3.99% from the current RNG share price of $41.03.

What is RNG's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: RNG) Ringcentral's current Earnings Per Share (EPS) is -$1.06. On average, analysts forecast that RNG's EPS will be $0.84 for 2024, with the lowest EPS forecast at $0.79, and the highest EPS forecast at $0.87. On average, analysts forecast that RNG's EPS will be $1.29 for 2025, with the lowest EPS forecast at $1.04, and the highest EPS forecast at $1.69. In 2026, RNG's EPS is forecast to hit $1.87 (min: $1.38, max: $2.62).

What is RNG's forecast return on equity (ROE) for 2024-2027?

(NYSE: RNG) forecast ROE is N/A, which is considered weak.
©2024 WallStreetZen
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletter
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.