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RingCentral (RNG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

RNG Stock Forecast

RingCentral (RNG) stock forecast, based on 14 Wall Street analysts, predicts a 12-month average price target of $39.00, with a high of $45.00 and a low of $30.00. This represents a 10.20% increase from the last price of $35.39.

$25 $29 $33 $37 $41 $45 High: $45 Avg: $39 Low: $30 Last Closed Price: $35.39

RNG Stock Rating

RingCentral stock's rating consensus is Buy, based on 14 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 9 Buy (64.29%), 4 Hold (28.57%), 1 Sell (7.14%), and 0 Strong Sell (0.00%).

Buy
Total 14 0 1 4 9 Strong Sell Sell Hold Buy Strong Buy

RNG Forecast vs Benchmarks

TypeNameUpside
StockRingCentral10.20%
SectorTechnology Stocks 13.03%
IdeaSaaS Stocks List17.20%

Price Target Trends

1M3M12M
# Anlaysts227
Avg Price Target$37.50$37.50$38.43
Last Closing Price$35.39$35.39$35.39
Upside/Downside5.96%5.96%8.59%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2546111-22
Dec, 243711--21
Nov, 247711--25
Oct, 247811--26
Sep, 247911--27
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 07, 2025Michael TurrinWells Fargo$30.00$34.03-11.84%-15.23%
Jan 03, 2025Brian PetersonRaymond James$45.00$34.7629.46%27.15%
Aug 05, 2024William PowerRobert W. Baird$36.00$35.262.10%1.72%
Aug 02, 2024Catharine TrebnickRosenblatt Securities$45.00$35.2627.62%27.15%
Jul 10, 2024James FishPiper Sandler$31.00$27.8111.47%-12.40%
May 09, 2024Matthew NiknamDeutsche Bank$42.00$34.3822.16%18.68%
Feb 21, 2024Taz KoujalgiWedbush$40.00$31.4827.06%13.03%
Nov 07, 2023Siti PanigrahiMizuho Securities$40.00$29.0137.88%13.03%
Nov 07, 2023Catharine TrebnickRosenblatt Securities$35.00$29.0120.65%-1.10%
Aug 08, 2023Ryan KoontzNeedham$46.00$31.8044.65%29.98%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 07, 2025Wells FargoOverweightUnderweightdowngrade
Jan 03, 2025Raymond JamesStrong BuyOutperformdowngrade
Sep 04, 2024Piper SandlerNeutralNeutralhold
Aug 06, 2024Deutsche BankBuyBuyhold
Jul 10, 2024Piper SandlerNeutralNeutralhold
May 09, 2024Deutsche BankBuyBuyhold
Feb 21, 2024NeedhamBuyBuyhold
Feb 21, 2024Piper SandlerNeutralNeutralhold
Dec 12, 2023JefferiesBuyHolddowngrade
Nov 07, 2023Piper SandlerNeutralNeutralhold

Financial Forecast

EPS Forecast

$-10 $-6 $-2 $2 $6 $10 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-0.94$-4.10$-9.23$-1.74----
Avg Forecast$0.96$1.32$1.98$3.19$3.69$4.21$4.78$6.41
High Forecast$0.95$1.31$1.96$3.15$3.66$3.95$2.97$6.34
Low Forecast$0.97$1.33$2.00$3.23$3.71$4.40$7.82$6.49
Surprise %-197.92%-410.61%-566.16%-154.55%----

Revenue Forecast

$1B $2B $2B $3B $3B $4B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$1.18B$1.59B$1.99B$2.20B----
Avg Forecast$1.17B$1.58B$1.99B$2.20B$2.40B$2.57B$2.75B$3.84B
High Forecast$1.16B$1.57B$1.98B$2.18B$2.38B$2.56B$2.75B$3.81B
Low Forecast$1.18B$1.59B$2.01B$2.22B$2.42B$2.59B$2.75B$3.88B
Surprise %1.46%0.86%-0.13%0.04%----

Net Income Forecast

$-1B $-600M $-200M $200M $600M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-83.00M$-376.25M$-879.17M$-165.24M----
Avg Forecast$-77.84M$-299.76M$-503.68M$-165.24M$349.89M$396.29M$511.80M$609.32M
High Forecast$-93.57M$-359.71M$-604.41M$-198.29M$347.52M$375.33M$281.49M$602.19M
Low Forecast$-62.11M$-239.81M$-402.94M$-132.19M$352.26M$417.24M$742.11M$616.44M
Surprise %6.62%25.52%74.55%-----

RNG Forecast FAQ

Is RingCentral stock a buy?

RingCentral stock has a consensus rating of Buy, based on 14 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 9 Buy, 4 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that RingCentral is a favorable investment for most analysts.

What is RingCentral's price target?

RingCentral's price target, set by 14 Wall Street analysts, averages $39 over the next 12 months. The price target range spans from $30 at the low end to $45 at the high end, suggesting a potential 10.20% change from the previous close price of $35.39.

How does RingCentral stock forecast compare to the average forecast of its sector, industry, and investment themes?

RingCentral stock forecast shows a 10.20% upside, underperforming the average forecast for the technology stocks sector (13.03%), trailing the SaaS Stocks List (17.20%) investment theme.

What is the breakdown of analyst ratings for RingCentral over the past three months?

  • January 2025: 18.18% Strong Buy, 27.27% Buy, 50.00% Hold, 4.55% Sell, 0% Strong Sell.
  • December 2024: 14.29% Strong Buy, 33.33% Buy, 52.38% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 28.00% Strong Buy, 28.00% Buy, 44.00% Hold, 0% Sell, 0% Strong Sell.

What is RingCentral’s EPS forecast?

RingCentral's average annual EPS forecast for its fiscal year ending in December is 3.69 for 2024, a -312.07% decrease from the reported $-1.74 in 2023. The prediction for 2025 is $4.21, $4.78 for 2026, and $6.41 for 2027.

What is RingCentral’s revenue forecast?

RingCentral's average annual revenue forecast for its fiscal year ending in December is $2.4B for 2024, a 8.89% increase from the reported $2.2B in 2023. The forecast for 2025 is $2.57B, $2.75B for 2026, and $3.84B for 2027.

What is RingCentral’s net income forecast?

For its fiscal year ending in December, RingCentral's average annual net income forecast is $349.89M for 2024, reflecting a -311.75% decrease from the reported $-165M in 2023. The projection for 2025 is $396.29M, $511.8M for 2026, and $609.32M for 2027.