RingCentral price target lowered to $31 from $38 at Piper Sandler

Piper Sandler analyst James Fish lowered the firm’s price target on RingCentral (RNG) to $31 from $38 and keeps a Neutral rating on the shares following quarterly results. The firm notes RingCentral guided 2025 even lower than what it previewed given FX and business dynamics, though the company is seeing some strength with new products like RingCX and RingSense.