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

OverviewForecast
EarningsDividendOwnership

Analyst price target for RNG

Based on 22 analysts offering 12 month price targets for Ringcentral Inc.
Min Forecast
$35.00+30.31%
Avg Forecast
$64.96+141.83%
Max Forecast
$175.00+551.53%

Should I buy or sell RNG stock?

Based on 24 analysts offering ratings for Ringcentral Inc.
Strong Buy
Strong Buy
13 analysts 54.17%
Buy
3 analysts 12.5%
Hold
8 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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
Rosenblatt
Bottom 37%
37
Strong BuyInitiates Coverage On$35.00+30.31%2023-03-24
Mizuho
Bottom 4%
4
Strong BuyMaintains$45.00+67.54%2023-02-21
Goldman Sachs
Top 22%
79
Strong BuyMaintains$52.00+93.60%2023-02-17
Piper Sandler
Bottom 10%
10
HoldMaintains$45.00+67.54%2023-02-16
Credit Suisse
Bottom 36%
36
Strong BuyMaintains$55.00+104.77%2023-02-16
Raymond James
Bottom 1%
1
Strong BuyMaintains$62.00+130.83%2023-02-16
Baird
Top 2%
99
HoldMaintains$45.00+67.54%2023-02-16
Oppenheimer
Top 23%
78
BuyMaintains$50.00+86.15%2023-02-16
Evercore ISI Group
Bottom 30%
30
HoldDowngrades$40.00+48.92%2023-02-16
Wells Fargo
Bottom 1%
1
Strong BuyMaintains$60.00+123.38%2023-01-06

1 of 3

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
0.17%

RNG earnings per share forecast

What is RNG's earnings per share in the next 2 years based on estimates from 10 analysts?
Avg 1 year Forecast
-$1.16
Avg 2 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
$2.4B+22.23%
Avg 2 year Forecast
$2.9B+46.31%
Avg 3 year Forecast
$3.1B+58.04%
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
17.71%
Industry
19.96%
Market
8.77%
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$26.86$64.96+141.83%Strong Buy
DCT$18.99$16.44-13.41%Hold
PRGS$57.74$56.83-1.57%Buy
INTA$41.95$34.29-18.27%Strong Buy
ALRM$49.44$72.60+46.84%Strong Buy
View Top App Stocks

Ringcentral Stock Forecast FAQ

Is Ringcentral Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 24 Wall Street analysts covering (NYSE: RNG) stock is to Strong Buy RNG stock.

Out of 24 analysts, 13 (54.17%) are recommending RNG as a Strong Buy, 3 (12.5%) are recommending RNG as a Buy, 8 (33.33%) 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 2023-2024?

(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 77.36%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.51%.

Ringcentral's earnings in 2023 is -$879,166,000.On average, 10 Wall Street analysts forecast RNG's earnings for 2023 to be -$110,750,193, with the lowest RNG earnings forecast at -$144,166,199, and the highest RNG earnings forecast at -$71,605,728.

In 2024, RNG is forecast to generate -$75,424,700 in earnings, with the lowest earnings forecast at -$114,569,165 and the highest earnings forecast at -$21,959,090.

What is RNG's revenue growth forecast for 2023-2025?

(NYSE: RNG) Ringcentral's forecast annual revenue growth rate of 17.71% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 19.96%, and while it is forecast to beat the US market's average forecast revenue growth rate of 8.77%.

Ringcentral's revenue in 2023 is $1,988,330,000.On average, 10 Wall Street analysts forecast RNG's revenue for 2023 to be $232,033,969,766, with the lowest RNG revenue forecast at $225,378,551,508, and the highest RNG revenue forecast at $239,984,210,534. On average, 3 Wall Street analysts forecast RNG's revenue for 2024 to be $277,742,388,280, with the lowest RNG revenue forecast at $266,249,191,565, and the highest RNG revenue forecast at $290,948,394,010.

In 2025, RNG is forecast to generate $300,006,041,230 in revenue, with the lowest revenue forecast at $300,006,041,230 and the highest revenue forecast at $300,006,041,230.

What is RNG's forecast return on assets (ROA) for 2023-2026?

(NYSE: RNG) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 0.17%.

What is RNG's Price Target?

According to 22 Wall Street analysts that have issued a 1 year RNG price target, the average RNG price target is $64.96, with the highest RNG stock price forecast at $175.00 and the lowest RNG stock price forecast at $35.00.

On average, Wall Street analysts predict that Ringcentral's share price could reach $64.96 by Mar 24, 2024. The average Ringcentral stock price prediction forecasts a potential upside of 141.83% from the current RNG share price of $26.86.

What is RNG's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: RNG) Ringcentral's current Earnings Per Share (EPS) is -$9.23. 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 2023-2026?

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