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NYSE: RNG
RINGCENTRAL INC Stock Forecast, Predictions & Price Target

Analyst price target for RNG

Based on 19 analysts offering 12 month price targets for RINGCENTRAL INC.
Min Forecast
$80.00+21.51%
Avg Forecast
$155.53+136.22%
Max Forecast
$300.00+355.65%

Should I buy or sell RNG stock?

Based on 19 analysts offering ratings for RINGCENTRAL INC.
Strong Buy
Strong Buy
11 analysts 57.89%
Buy
5 analysts 26.32%
Hold
3 analysts 15.79%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

RNG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Jefferies
Bottom 6%
6
Strong BuyMaintains$80.00+21.51%2022-05-23
Wells Fargo
Bottom 2%
2
Strong BuyMaintains$115.00+74.67%2022-05-18
Baird
Top 2%
99
HoldDowngrades$80.00+21.51%2022-05-16
Northland Securities
Bottom 6%
6
BuyMaintains$175.00+165.80%2022-05-10
BTIG
Bottom 22%
22
Strong BuyMaintains$120.00+82.26%2022-05-10
Craig-Hallum
Top 17%
84
BuyMaintains$175.00+165.80%2022-05-10Find out why
Needham
Bottom 3%
3
BuyMaintains$110.00+67.07%2022-05-10
Piper Sandler
Bottom 14%
14
Strong BuyMaintains$118.00+79.22%2022-05-10
Deutsche Bank
Bottom 9%
9
Strong BuyMaintains$110.00+67.07%2022-05-10
Mizuho
Bottom 4%
4
Strong BuyMaintains$150.00+127.83%2022-05-10Find out why

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Forecast return on equity

Is RNG forecast to generate an efficient return?
Company
N/A
Industry
21.8%
Market
31.09%

Forecast return on assets

Is RNG forecast to generate an efficient return on assets?
Company
N/A
Industry
4.71%

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
-$1.66
Avg 2 year Forecast
-$1.52
Avg 3 year Forecast
-$1.43

RNG revenue forecast

What is RNG's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$2.0B+17.43%
Avg 2 year Forecast
$2.5B+45.35%
Avg 3 year Forecast
$3.0B+76.27%
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
20.51%
Industry
19.32%
Market
9.17%
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$65.84$155.53+136.22%Strong Buy
LYFT$17.77$49.70+179.66%Buy
GTLB$42.94$99.63+132.01%Strong Buy
CDK$54.46$48.00-11.86%Hold
ESTC$64.65$164.31+154.15%Strong Buy

RINGCENTRAL Stock Forecast FAQ

Is RINGCENTRAL Stock a good buy in 2022, 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, 11 (57.89%) are recommending RNG as a Strong Buy, 5 (26.32%) are recommending RNG as a Buy, 3 (15.79%) 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 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 15.27%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 15.67%.

RINGCENTRAL's earnings in 2022 is -$527,036,000.On average, 10 Wall Street analysts forecast RNG's earnings for 2022 to be -$157,531,361, with the lowest RNG earnings forecast at -$163,225,265, and the highest RNG earnings forecast at -$143,296,599. On average, 11 Wall Street analysts forecast RNG's earnings for 2023 to be -$144,245,583, with the lowest RNG earnings forecast at -$177,460,027, and the highest RNG earnings forecast at -$101,541,299.

In 2024, RNG is forecast to generate -$135,704,726 in earnings, with the lowest earnings forecast at -$187,898,852 and the highest earnings forecast at -$96,796,378.

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

(NYSE: RNG) RINGCENTRAL's forecast annual revenue growth rate of 20.51% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 19.32%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 9.17%.

RINGCENTRAL's revenue in 2022 is $1,710,054,000.On average, 11 Wall Street analysts forecast RNG's revenue for 2022 to be $190,565,117,527, with the lowest RNG revenue forecast at $188,866,815,582, and the highest RNG revenue forecast at $193,431,429,103. On average, 11 Wall Street analysts forecast RNG's revenue for 2023 to be $235,881,670,559, with the lowest RNG revenue forecast at $228,769,699,019, and the highest RNG revenue forecast at $244,326,395,370.

In 2024, RNG is forecast to generate $286,050,379,295 in revenue, with the lowest revenue forecast at $272,447,641,205 and the highest revenue forecast at $295,655,996,355.

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 4.71%.

What is RNG's Price Target?

According to 19 Wall Street analysts that have issued a 1 year RNG price target, the average RNG price target is $155.53, with the highest RNG stock price forecast at $300.00 and the lowest RNG stock price forecast at $80.00.

On average, Wall Street analysts predict that RINGCENTRAL's share price could reach $155.53 by May 23, 2023. The average RINGCENTRAL stock price prediction forecasts a potential upside of 136.22% from the current RNG share price of $65.84.

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

(NYSE: RNG) RINGCENTRAL's current Earnings Per Share (EPS) is -$5.69. On average, analysts forecast that RNG's EPS will be -$1.66 for 2022, with the lowest EPS forecast at -$1.72, and the highest EPS forecast at -$1.51. On average, analysts forecast that RNG's EPS will be -$1.52 for 2023, with the lowest EPS forecast at -$1.87, and the highest EPS forecast at -$1.07. In 2024, RNG's EPS is forecast to hit -$1.43 (min: -$1.98, max: -$1.02).

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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