RingCentral (RNG) NDR Thoughts - William Blair

William Blair analyst Bhavan Suri reiterated an Outperform rating and {REMOVEPT} price target on RingCentral (NYSE: RNG) after hosting the CEO, Vlad Shmunis and CFO, Mitesh Dhruv for a day of investor meetings in NYC.

The analyst stated "RingCentral continues to execute on the push upmarket and is augmenting the platform with more integrations, admin controls, and geographic capabilities. The channel business remains healthy (now a $230 million business growing roughly 70%) and is also helping drive strength in upmarket revenue. We are positive on the company’s rapid growth in enterprise, particularly considering lower churn and higher customer lifetime value".

For an analyst ratings summary and ratings history on RingCentral click here. For more ratings news on RingCentral click here.

Shares of RingCentral closed at $135.37 yesterday.

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