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

Analyst price target for RNG

Based on 13 analysts offering 12 month price targets for Ringcentral Inc.
Min Forecast
$32.00-9.6%
Avg Forecast
$37.39+5.61%
Max Forecast
$48.00+35.59%

Should I buy or sell RNG stock?

Based on 13 analysts offering ratings for Ringcentral Inc.
Buy
Strong Buy
3 analysts 23.08%
Buy
1 analysts 7.69%
Hold
9 analysts 69.23%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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RNG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-20
lockedlocked$00.00+00.00%2024-05-09
lockedlocked$00.00+00.00%2024-05-09
lockedlocked$00.00+00.00%2024-05-09
lockedlocked$00.00+00.00%2024-05-08
Wells Fargo
Top 24%
77
HoldMaintains$33.00-6.78%2024-05-08
UBS
Bottom 8%
8
HoldMaintains$40.00+12.99%2024-05-08
Mizuho
Bottom 9%
9
Strong BuyMaintains$38.00+7.34%2024-05-08
Rosenblatt
Top 8%
93
HoldReiterates$35.00-1.13%2024-05-01
Morgan Stanley
Top 6%
95
HoldMaintains$32.00-9.60%2024-04-17

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Forecast return on equity

Is RNG forecast to generate an efficient return?
Insufficient data to display

Forecast return on assets

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

RNG revenue forecast

What is RNG's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$2.4B+6.03%
Avg 2 year Forecast
$2.6B+14.71%
Avg 3 year Forecast
$2.7B+21.82%
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
6.93%
Industry
14.42%
Market
10.01%
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$35.40$37.39+5.61%Buy
DV$18.94$35.06+85.11%Strong Buy
BL$52.02$64.43+23.85%Hold
INST$21.99$29.60+34.61%Strong Buy
CXM$12.19$16.78+37.64%Strong Buy

Ringcentral Stock Forecast FAQ

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

The consensus among 13 Wall Street analysts covering (NYSE: RNG) stock is to Buy RNG stock.

Out of 13 analysts, 3 (23.08%) are recommending RNG as a Strong Buy, 1 (7.69%) are recommending RNG as a Buy, 9 (69.23%) 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 revenue growth forecast for 2024-2026?

(NYSE: RNG) Ringcentral's forecast annual revenue growth rate of 6.93% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 14.42%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.01%.

Ringcentral's revenue in 2024 is $2,252,951,000.On average, 9 Wall Street analysts forecast RNG's revenue for 2024 to be $220,188,560,083, with the lowest RNG revenue forecast at $219,467,665,751, and the highest RNG revenue forecast at $220,609,703,953. On average, 8 Wall Street analysts forecast RNG's revenue for 2025 to be $238,217,001,884, with the lowest RNG revenue forecast at $235,634,096,760, and the highest RNG revenue forecast at $240,583,850,709.

In 2026, RNG is forecast to generate $252,969,204,311 in revenue, with the lowest revenue forecast at $249,930,313,474 and the highest revenue forecast at $254,990,676,450.

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 N/A.

What is RNG's Price Target?

According to 13 Wall Street analysts that have issued a 1 year RNG price target, the average RNG price target is $37.39, with the highest RNG stock price forecast at $48.00 and the lowest RNG stock price forecast at $32.00.

On average, Wall Street analysts predict that Ringcentral's share price could reach $37.39 by May 20, 2025. The average Ringcentral stock price prediction forecasts a potential upside of 5.61% from the current RNG share price of $35.40.

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

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