As previously reported, Rosenblatt upgraded RingCentral to Buy from Neutral with a $45 price target after Q2 results “significantly” beat expectations across all key metrics. The performance in Q2 solidified the firm’s confidence in the company’s growth trajectory, says the analyst, who notes this was the fourth quarter of revenue exceeding expectations and views this as a signal of sustained demand for RingCentral’s products and services.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RNG:
Questions or Comments about the article? Write to editor@tipranks.com