Ringcentral, Inc. (RNG) Tops Q3 EPS by 2c
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RingCentral (RNG) PT Raised to $50 at Oppenheimer
November 9, 2017 9:33 AM ESTOppenheimer raised its price target on RingCentral (NYSE: RNG) to $50.00 (from $45.00) while maintaining a Outperform rating as the company generated impressive 3Q results and higher 2017 financial targets to support valuation.
Analyst Brian Schwartz said positives include strong sales metrics across: bookings, channel contributions, up-market traction, core-subscription growth, and cash generation.
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