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RingCentral (RNG) Stock Forecast, Price Target & Predictions

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RNG Stock Forecast

RingCentral stock forecast is as follows: an average price target of $37.33 (represents a -0.32% downside from RNG’s last price of $37.45) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.

RNG Price Target

The average price target for RingCentral (RNG) is $37.33 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $31.00. This represents a potential -0.32% downside from RNG's last price of $37.45.

RNG Analyst Ratings

Buy

According to 14 Wall Street analysts, RingCentral's rating consensus is 'Buy'. The analyst rating breakdown for RNG stock is 1 'Strong Buy' (7.14%), 9 'Buy' (64.29%), 4 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

RingCentral Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 05, 2024William PowerRobert W. Baird$36.00$35.262.10%-3.87%
Aug 02, 2024Catharine TrebnickRosenblatt Securities$45.00$35.2627.62%20.16%
Jul 10, 2024James FishPiper Sandler$31.00$27.8111.47%-17.22%
May 09, 2024Matthew NiknamDeutsche Bank$42.00$34.3822.16%12.15%
Feb 21, 2024Taz KoujalgiWedbush$40.00$31.4827.06%6.81%
Nov 07, 2023Catharine TrebnickRosenblatt Securities$35.00$29.0120.65%-6.54%
Nov 07, 2023Siti PanigrahiMizuho Securities$40.00$29.0137.88%6.81%
Aug 08, 2023Ryan KoontzNeedham$46.00$31.8044.65%22.83%
May 26, 2023Ryan KoontzNeedham$42.00$33.7924.30%12.15%
Jan 06, 2023Wells Fargo$60.00$32.3385.61%60.21%
Dec 22, 2022Jefferies$50.00$33.9647.23%33.51%
Dec 15, 2022Wedbush$40.00$41.84-4.40%6.81%
Dec 14, 2022Morgan Stanley$50.00$38.9528.37%33.51%
Sep 23, 2022Fred LeeCredit Suisse$40.00$41.66-3.98%6.81%
Aug 16, 2022Michael TurrinWells Fargo$100.00$52.4890.55%167.02%
Aug 03, 2022Deutsche Bank$70.00$52.6233.04%86.92%
Aug 03, 2022Mizuho Securities$80.00$52.5652.21%113.62%
Aug 03, 2022BTIG$105.00$52.5699.77%180.37%
Aug 03, 2022Raymond James$90.00$49.7081.09%140.32%
Jul 30, 2022Ryan MacWilliamsBarclays$90.00$49.4981.85%140.32%
Jul 26, 2022Jefferies$65.00$54.1919.95%73.56%
Jul 14, 2022Morgan Stanley$75.00$48.7953.72%100.27%
May 23, 2022Jefferies$80.00$62.3028.41%113.62%
May 21, 2022Michael TurrinWells Fargo$115.00$64.4078.57%207.08%
May 15, 2022Brian PetersonRaymond James$135.00$69.3094.81%260.48%
May 10, 2022Northland Securities$175.00$69.95150.18%367.29%
May 10, 2022BTIG$120.00$69.8871.72%220.43%
May 10, 2022Craig-Hallum$175.00$70.76147.31%367.29%
May 10, 2022Morgan Stanley$105.00$71.6846.48%180.37%
May 10, 2022Timothy HoranOppenheimer$100.00$74.5934.07%167.02%
May 10, 2022Needham$110.00$68.6660.21%193.72%
May 10, 2022Deutsche Bank$110.00$68.6660.21%193.72%
May 10, 2022Mizuho Securities$150.00$68.66118.47%300.53%
Apr 28, 2022Ryan MacWilliamsBarclays$140.00$87.5859.85%273.83%
Feb 23, 2022Catharine TrebnickColliers Securities$200.00$124.0661.21%434.05%
Feb 23, 2022Steve EndersKeyBanc$252.00$124.06103.13%572.90%
Feb 23, 2022Matthew VanVlietBTIG$250.00$124.06101.52%567.56%
Feb 23, 2022Siti PanigrahiMizuho Securities$220.00$124.0677.33%487.45%
Feb 23, 2022Peter LevineEvercore ISI$225.00$124.0681.36%500.80%
Feb 23, 2022Ryan KoontzNeedham$225.00$124.0681.36%500.80%
Feb 23, 2022Matthew NiknamDeutsche Bank$210.00$124.0669.27%460.75%
Feb 23, 2022James FishPiper Sandler$228.00$124.0683.78%508.81%
Feb 22, 2022Samad SamanaJefferies$250.00$147.6469.33%567.56%
Feb 22, 2022Meta MarshallMorgan Stanley$165.00$147.6411.76%340.59%
Feb 18, 2022Taylor McGinnisUBS$165.00$146.8812.34%340.59%
Jan 24, 2022Ryan MacWilliamsBarclays$300.00$173.5472.87%701.07%
Dec 09, 2021Alex ZukinWolfe Research$250.00$186.2134.26%567.56%
Oct 04, 2021Srini NandurySummit Redstone Partners$300.00$216.1638.79%701.07%

The latest RingCentral stock forecast, released on Aug 05, 2024 by William Power from Robert W. Baird, set a price target of $36.00, which represents a 2.10% increase from the stock price at the time of the forecast ($35.26), and a -3.87% decrease from RNG last price ($37.45).

RingCentral Price Target by Period

1M3M12M
# Anlaysts--5
Avg Price Target--$38.80
Last Closing Price$37.45$37.45$37.45
Upside/Downside-100.00%-100.00%3.60%

In the current month, the average price target of RingCentral stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to RingCentral's last price of $37.45. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
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
Nov 07, 2023NeedhamBuyBuyHold
Aug 08, 2023NeedhamBuyBuyHold
May 12, 2023Cantor FitzgeraldNeutralNeutralHold
May 11, 2023Credit SuisseOutperformUpgrade
Mar 17, 2023OppenheimerOutperformPerformDowngrade
Feb 16, 2023NeedhamHoldHoldHold
Feb 16, 2023Raymond JamesStrong BuyStrong BuyHold
Jan 06, 2023Wells FargoOverweightOverweightHold
Dec 22, 2022JefferiesBuyBuyHold
Dec 21, 2022Wolfe ResearchPeer PerformDowngrade
Dec 15, 2022WedbushNeutralInitialise
Dec 14, 2022Morgan StanleyEqual-WeightOverweightUpgrade
Oct 18, 2022BTIGNeutralBuyDowngrade
Oct 18, 2022BTIGBuyNeutralDowngrade
Aug 16, 2022Wells FargoOverweightOverweightHold
Aug 03, 2022Deutsche BankBuyBuyHold
Aug 03, 2022Raymond JamesStrong BuyStrong BuyHold
Aug 02, 2022BTIGBuyBuyHold
Jul 30, 2022BarclaysOverweightOverweightHold
Jul 26, 2022JefferiesBuyBuyHold
Jul 14, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jul 06, 2022NeedhamBuyHoldDowngrade
Jul 06, 2022NeedhamBuyBuyDowngrade
May 23, 2022JefferiesBuyBuyHold
May 21, 2022Wells FargoOverweightOverweightHold
May 15, 2022Raymond JamesStrong BuyStrong BuyHold
May 10, 2022BTIGBuyBuyHold
May 10, 2022Craig-HallumBuyBuyHold
May 10, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 10, 2022OppenheimerOutperformUpgrade
May 10, 2022NeedhamBuyBuyHold
May 10, 2022Deutsche BankBuyBuyHold
Apr 26, 2022BarclaysOverweightOverweightHold
Feb 23, 2022Evercore ISIOutperformOutperformHold
Feb 23, 2022NeedhamBuyBuyHold
Feb 23, 2022Raymond JamesStrong BuyStrong BuyHold
Feb 23, 2022Deutsche BankBuyBuyHold
Feb 22, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Nov 12, 2021NeedhamBuyBuyHold
Jun 27, 2021NeedhamBuyInitialise

RingCentral's last stock rating was published by Piper Sandler on Sep 04, 2024. The company gave RNG a "Neutral" rating, the same as its previous rate.

RingCentral Financial Forecast

RingCentral Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$558.16M$539.30M$533.69M$524.75M$509.03M$486.90M$467.66M$448.50M$414.63M$379.27M$352.36M$334.54M$303.62M$277.99M$267.51M$252.87M$233.35M
Avg Forecast$701.63M$696.31M$682.63M$674.62M$662.21M$652.81M$636.85M$627.36M$612.36M$602.11M$586.39M$578.14M$570.44M$555.46M$536.19M$527.98M$527.26M$502.67M$479.18M$458.37M$435.79M$393.42M$358.89M$339.93M$317.56M$287.30M$263.80M$257.07M$239.47M$221.35M
High Forecast$709.21M$703.84M$690.01M$681.91M$669.37M$659.87M$643.73M$636.83M$612.92M$602.14M$586.39M$578.14M$573.10M$557.11M$541.98M$533.68M$532.96M$502.67M$479.18M$458.37M$435.79M$393.42M$358.89M$339.93M$317.56M$287.30M$263.80M$257.07M$239.47M$221.35M
Low Forecast$696.28M$691.01M$677.43M$669.48M$657.17M$647.84M$632.00M$622.14M$611.95M$602.07M$586.39M$578.14M$568.19M$553.30M$532.11M$523.96M$523.25M$502.67M$479.18M$458.37M$435.79M$393.42M$358.89M$339.93M$317.56M$287.30M$263.80M$257.07M$239.47M$221.35M
# Analysts1075585411137661224211211161116131213122133322
Surprise %-------------1.00%1.01%1.01%1.00%1.01%1.02%1.02%1.03%1.05%1.06%1.04%1.05%1.06%1.05%1.04%1.06%1.05%

RingCentral's average Quarter revenue forecast for Dec 23 based on 12 analysts is $570.44M, with a low forecast of $568.19M, and a high forecast of $573.10M. RNG's average Quarter revenue forecast represents a 2.20% increase compared to the company's last Quarter revenue of $558.16M (Sep 23).

RingCentral EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1075585411137661224211211161116131213122133322
EBITDA-------------$-54.17M$48.63M$8.42M$-100.21M$-117.36M$-157.26M$-87.83M$-54.00M$-102.70M$-68.46M$41.11M$36.85M$11.22M$31.22M$-36.46M$-8.43M$1.84M
Avg Forecast$-44.77M$-44.43M$-43.56M$-43.05M$-42.26M$-41.66M$-40.64M$-40.03M$-39.07M$-38.42M$-37.42M$-90.65M$-36.40M$-35.44M$-34.21M$-82.41M$-56.19M$-21.48M$-20.47M$-74.92M$-18.62M$-16.81M$-15.33M$37.82M$-13.57M$-12.27M$-11.27M$-34.43M$-10.23M$-9.46M
High Forecast$-44.43M$-44.09M$-43.23M$-42.72M$-41.93M$-41.34M$-40.33M$-39.70M$-39.05M$-38.42M$-37.42M$-72.52M$-36.26M$-35.31M$-33.95M$-65.93M$-44.95M$-21.48M$-20.47M$-59.93M$-18.62M$-16.81M$-15.33M$45.38M$-13.57M$-12.27M$-11.27M$-27.55M$-10.23M$-9.46M
Low Forecast$-45.25M$-44.91M$-44.03M$-43.51M$-42.71M$-42.11M$-41.08M$-40.64M$-39.11M$-38.42M$-37.42M$-108.78M$-36.57M$-35.55M$-34.58M$-98.89M$-67.43M$-21.48M$-20.47M$-89.90M$-18.62M$-16.81M$-15.33M$30.26M$-13.57M$-12.27M$-11.27M$-41.32M$-10.23M$-9.46M
Surprise %-------------1.53%-1.42%-0.10%1.78%5.46%7.68%1.17%2.90%6.11%4.46%1.09%-2.72%-0.91%-2.77%1.06%0.82%-0.19%

24 analysts predict RNG's average Quarter EBITDA for Sep 23 to be $-35.44M, with a high of $-35.31M and a low of $-35.55M. This is -172.89% lower than RingCentral's previous annual EBITDA (Jun 23) of $48.63M.

RingCentral Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1075585411137661224211211161116131213122133322
Net Income-------------$-42.12M$-21.48M$-54.40M$-284.06M$-284.62M$-159.51M$-150.97M$-118.36M$-146.75M$-110.96M$-186.00K$-1.83M$-20.96M$509.00K$-60.72M$-25.26M$-12.75M
Avg Forecast$113.84M$111.91M$108.14M$105.36M$102.85M$99.17M$95.20M$91.70M$88.87M$84.83M$80.64M$-155.81M$75.70M$69.80M$68.88M$-141.65M$-123.16M$46.80M$37.46M$-128.77M$34.29M$30.99M$25.90M$-171.12K$24.94M$22.32M$18.75M$-57.35M$19.67M$17.62M
High Forecast$115.44M$113.48M$109.66M$106.84M$104.30M$100.56M$96.54M$94.45M$90.72M$84.84M$80.66M$-124.65M$78.43M$73.52M$69.85M$-113.32M$-98.52M$46.80M$37.46M$-103.02M$34.29M$30.99M$25.90M$-136.90K$24.94M$22.32M$18.75M$-45.88M$19.67M$17.62M
Low Forecast$112.72M$110.80M$107.07M$104.31M$101.84M$98.19M$94.26M$87.12M$87.01M$84.82M$80.62M$-186.97M$72.05M$66.07M$68.20M$-169.98M$-147.79M$46.80M$37.46M$-154.52M$34.29M$30.99M$25.90M$-205.34K$24.94M$22.32M$18.75M$-68.82M$19.67M$17.62M
Surprise %--------------0.60%-0.31%0.38%2.31%-6.08%-4.26%1.17%-3.45%-4.74%-4.28%1.09%-0.07%-0.94%0.03%1.06%-1.28%-0.72%

RingCentral's average Quarter net income forecast for Sep 20 is $22.32M, with a range of $22.32M to $22.32M. RNG's average Quarter net income forecast represents a 4285.07% increase compared to the company's last Quarter net income of $509.00K (Jun 20).

RingCentral SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1075585411137661224211211161116131213122133322
SG&A-------------$357.92M$339.67M$342.30M$350.55M$334.18M$339.95M$325.45M$328.96M$303.19M$271.57M$234.71M$215.49M$202.50M$187.16M$178.65M$167.70M$149.02M
Avg Forecast$467.01M$463.48M$454.37M$449.03M$440.77M$434.52M$423.89M$417.58M$407.60M$400.77M$390.31M$335.88M$379.69M$369.72M$356.89M$305.35M$342.29M$334.58M$318.95M$277.59M$290.07M$261.87M$238.88M$215.93M$211.37M$191.23M$175.59M$168.72M$159.40M$147.33M
High Forecast$472.06M$468.48M$459.28M$453.89M$445.54M$439.22M$428.47M$423.88M$407.97M$400.79M$390.31M$403.06M$381.46M$370.82M$360.75M$366.42M$410.75M$334.58M$318.95M$333.11M$290.07M$261.87M$238.88M$259.12M$211.37M$191.23M$175.59M$202.47M$159.40M$147.33M
Low Forecast$463.46M$459.95M$450.91M$445.62M$437.42M$431.21M$420.67M$414.10M$407.32M$400.75M$390.31M$268.71M$378.19M$368.28M$354.18M$244.28M$273.84M$334.58M$318.95M$222.07M$290.07M$261.87M$238.88M$172.75M$211.37M$191.23M$175.59M$134.98M$159.40M$147.33M
Surprise %-------------0.97%0.95%1.12%1.02%1.00%1.07%1.17%1.13%1.16%1.14%1.09%1.02%1.06%1.07%1.06%1.05%1.01%

RingCentral's average Quarter SG&A projection for Dec 23 is $379.69M, based on 12 Wall Street analysts, with a range of $378.19M to $381.46M. The forecast indicates a 6.08% rise compared to RNG last annual SG&A of $357.92M (Sep 23).

RingCentral EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1075585411137661224211211161116131213122133322
EPS-------------$-0.45$-0.23$-0.57$-2.97$-2.98$-1.68$-1.60$-1.27$-1.60$-1.22$-0.00$-0.02$-0.24$0.01$-0.70$-0.30$-0.15
Avg Forecast$1.24$1.22$1.18$1.15$1.12$1.08$1.04$1.00$0.97$0.92$0.88$0.80$0.82$0.76$0.75$0.69$0.59$0.50$0.40$0.34$0.37$0.33$0.28$0.25$0.27$0.24$0.20$0.18$0.21$0.19
High Forecast$1.26$1.23$1.19$1.16$1.14$1.09$1.05$1.03$0.99$0.92$0.88$0.80$0.85$0.80$0.76$0.70$0.60$0.50$0.40$0.34$0.37$0.33$0.28$0.25$0.27$0.24$0.20$0.18$0.21$0.19
Low Forecast$1.23$1.21$1.17$1.14$1.11$1.07$1.03$0.95$0.95$0.92$0.88$0.80$0.78$0.72$0.74$0.69$0.58$0.50$0.40$0.34$0.37$0.33$0.28$0.25$0.27$0.24$0.20$0.18$0.21$0.19
Surprise %--------------0.59%-0.31%-0.82%-5.03%-5.91%-4.16%-4.68%-3.43%-4.79%-4.37%-0.01%-0.07%-1.00%0.03%-3.83%-1.41%-0.79%

According to 3 Wall Street analysts, RingCentral's projected average Quarter EPS for Sep 20 is $0.24, with a low estimate of $0.24 and a high estimate of $0.24. This represents a 4072.73% increase compared to RNG previous annual EPS of $0.01 (Jun 20).

RingCentral Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DOMODomo$7.69$16.09109.23%Hold
LPSNLivePerson$0.82$1.0021.95%Hold
MNDYmonday$251.80$296.2517.65%Buy
INTUIntuit$677.77$744.009.77%Buy
GTLBGitLab$59.14$64.008.22%Buy
WDAYWorkday$278.01$289.504.13%Buy
CXMSprinklr$9.30$9.603.23%Buy
ADSKAutodesk$302.82$309.312.14%Buy
SNOWSnowflake$170.81$164.58-3.65%Buy
RNGRingCentral$39.24$37.33-4.87%Buy
DDOGDatadog$156.91$148.25-5.52%Buy
ZIZoomInfo$11.19$10.22-8.67%Buy
HUBSHubSpot$741.67$671.25-9.49%Buy
NOWServiceNow$1.11K$973.56-12.66%Buy
ESTCElastic$107.25$93.00-13.29%Buy
ZMZoom Video Communications$84.60$72.20-14.66%Hold
AIC3.ai$42.86$29.50-31.17%Buy

RNG Forecast FAQ

Is RingCentral a good buy?

Yes, according to 14 Wall Street analysts, RingCentral (RNG) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 71.43% of RNG's total ratings.

What is RNG's price target?

RingCentral (RNG) average price target is $37.33 with a range of $31 to $45, implying a -0.32% from its last price of $37.45. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will RingCentral stock go up soon?

According to Wall Street analysts' prediction for RNG stock, the company can go down by -0.32% (from the last price of $37.45 to the average price target of $37.33), up by 20.16% based on the highest stock price target, and down by -17.22% based on the lowest stock price target.

Can RingCentral stock reach $60?

RNG's average twelve months analyst stock price target of $37.33 does not support the claim that RingCentral can reach $60 in the near future.

What are RingCentral's analysts' financial forecasts?

RingCentral's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.58B (high $2.61B, low $2.56B), average EBITDA is $-165M (high $-163M, low $-167M), average net income is $388.93M (high $395.86M, low $381.4M), average SG&A $1.72B (high $1.74B, low $1.7B), and average EPS is $4.23 (high $4.31, low $4.15). RNG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.76B (high $2.78B, low $2.73B), average EBITDA is $-176M (high $-174M, low $-178M), average net income is $439.25M (high $445.43M, low $434.91M), average SG&A $1.83B (high $1.85B, low $1.82B), and average EPS is $4.78 (high $4.85, low $4.73).

Did the RNG's actual financial results beat the analysts' financial forecasts?

Based on RingCentral's last annual report (Dec 2022), the company's revenue was $1.99B, beating the average analysts forecast of $1.97B by 1.06%. Apple's EBITDA was $-339M, beating the average prediction of $-173M by 95.89%. The company's net income was $-879M, beating the average estimation of $-168M by 424.37%. Apple's SG&A was $1.35B, beating the average forecast of $1.27B by 6.02%. Lastly, the company's EPS was $-9.23, missing the average prediction of $1.84 by -601.27%. In terms of the last quarterly report (Sep 2023), RingCentral's revenue was $558.16M, beating the average analysts' forecast of $555.46M by 0.49%. The company's EBITDA was $-54.175M, beating the average prediction of $-35.444M by 52.85%. RingCentral's net income was $-42.116M, missing the average estimation of $69.8M by -160.34%. The company's SG&A was $357.92M, missing the average forecast of $369.72M by -3.19%. Lastly, the company's EPS was $-0.45, missing the average prediction of $0.76 by -159.25%