15-min delayed · Sep 8, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 9 firms covering Ringcentral Inc, 4 rate it Buy or better, 5 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets range widely, $34.00 to $85.00 (about 2.5x), a sign of real disagreement on valuation. The average target of $58.56 sits 17% below the current $70.21. The rating mix has stayed broadly stable, with Buy-side ratings edging up from 3 to 4 over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.34 next quarter toward $5.58 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS9 ratings
Moderate Buy
Strong Buy00%
Buy444%
Hold556%
Sell00%
Strong Sell00%
Based on 9 analysts giving stock ratings to Ringcentral Inc.
As of Sep, 4 of 9 firms rate RNG a Buy (5 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
RNG EPS & revenue forecast
EPS · NEXT QUARTER
$1.34
Range $1.29 – $1.38 · 12 analysts · +14% YoY
Next period, 12 analysts expect Ringcentral Inc to earn $1.34 a share (range $1.29 – $1.38), versus $1.18 a year earlier. Full-year consensus is $5.03, growing to $5.58 the year after.
REVENUE · NEXT QUARTER
$672.7M
Range $670.1M – $675.5M · 12 analysts · +4% YoY
Revenue is expected to reach $672.7M (range $670.1M – $675.5M), +4.5% year-over-year. Full-year consensus is $2.6B, rising to $2.8B next year.
Top analysts covering Ringcentral Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on RNG.
#1
Michael Turrin
Wells Fargo · Rank #352
Sell
$22.00-68.7% to target
Overall win rate
39%
+ Follow
#2
Brian Peterson
Raymond James · Rank #407
Buy
$55.00-21.7% to target
Overall win rate
28%
+ Follow
#3
Joshua Reilly
Needham · Rank #421
Buy
$85.00+21.1% to target
Overall win rate
24%
+ Follow
#4
Daniel Ives
Wedbush · Rank #437
Hold
$30.00-57.3% to target
Overall win rate
23%
+ Follow
#5
CT
Catharine Trebnick
Rosenblatt · Rank #442
Buy
$50.00-28.8% to target
Overall win rate
23%
+ Follow
RNG stock forecast FAQ
What is RNG's average 12-month price target?+
The 9 analysts with a live target average $58.56 for Ringcentral Inc over the next 12 months, ranging from a $85.00 high to a $34.00 low.
Is RNG stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 9 analyst ratings, 4 are Buy or Strong Buy, 5 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for RNG?+
The Street-high target is $85.00 (RBC Capital), and the Street-low is $34.00 (Baird). The average of all 9 active targets is $58.56.
How many Wall Street analysts cover RNG?+
9 analysts have an active rating on Ringcentral Inc, and 9 firms carry a live 12-month price target.
Who is the most accurate analyst covering RNG?+
Among analysts who currently cover RNG, Michael Turrin of Wells Fargo has the strongest overall Quantellect track record (Rank #352). Their current call is Sell with a $22.00 target.
What is Ringcentral Inc's projected EPS for next quarter?+
The consensus estimate is $1.34 per share (range $1.29 – $1.38) across 12 analysts. Full-year EPS is projected at $5.03, rising to $5.58 the following year.
How much revenue is Ringcentral Inc expected to report next quarter?+
Consensus revenue is $672.7M (range $670.1M – $675.5M). Full-year revenue is projected at $2.6B, growing to $2.8B next year.
Have analysts been upgrading or downgrading RNG lately?+
As of Sep, 4 of 9 firms rate RNG a Buy (5 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their RNG calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
