How Analysts Rated RingCentral, Inc. (NYSE:RNG) Last Week?

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Investors sentiment increased to 1.12 in 2019 Q2. Its up 0.01, from 1.11 in 2019Q1. It increased, as 31 investors sold RingCentral, Inc. shares while 83 reduced holdings. 48 funds opened positions while 80 raised stakes. 65.52 million shares or 25.74% less from 88.22 million shares in 2019Q1 were reported.
Alkeon Cap Mngmt Limited Liability Corporation reported 0.83% in RingCentral, Inc. (NYSE:RNG). Falcon Point Ltd owns 2,886 shares. Cornerstone Advisors holds 0% or 6 shares in its portfolio. Engineers Gate Manager Ltd Partnership holds 0.26% or 41,248 shares in its portfolio. Cibc Asset Mngmt Inc owns 2,500 shares or 0% of their US portfolio. Moreover, Cambridge Co has 0.05% invested in RingCentral, Inc. (NYSE:RNG). Gsa Capital Prtn Llp reported 11,301 shares stake. Bluecrest Mgmt Limited holds 2,100 shares. Goldman Sachs Inc reported 549,820 shares stake. Lord Abbett And Lc, a New Jersey-based fund reported 776,728 shares. Mirador Prtnrs L P reported 0.33% of its portfolio in RingCentral, Inc. (NYSE:RNG). Natixis reported 78,366 shares or 0.07% of all its holdings. Marshall Wace Llp has invested 0.13% in RingCentral, Inc. (NYSE:RNG). Lyon Street Capital Limited Liability Com, California-based fund reported 11,414 shares. Putnam Invests Lc has 0.01% invested in RingCentral, Inc. (NYSE:RNG) for 51,300 shares.

RingCentral, Inc. (NYSE:RNG) Ratings Coverage

Among 5 analysts covering RingCentral (NYSE:RNG), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. RingCentral has $17500 highest and $105 lowest target. $133.67’s average target is 5.13% above currents $127.15 stock price. RingCentral had 8 analyst reports since March 21, 2019 according to SRatingsIntel. Deutsche Bank maintained RingCentral, Inc. (NYSE:RNG) on Friday, March 22 with “Buy” rating. Oppenheimer maintained RingCentral, Inc. (NYSE:RNG) rating on Friday, June 21. Oppenheimer has “Buy” rating and $130 target. Raymond James maintained the shares of RNG in report on Tuesday, July 30 with “Strong Buy” rating. Bank of America maintained the stock with “Buy” rating in Tuesday, July 30 report. The firm earned “Buy” rating on Monday, March 25 by Rosenblatt. Below is a list of RingCentral, Inc. (NYSE:RNG) latest ratings and price target changes.

30/07/2019 Broker: Bank of America Rating: Buy Old Target: $135.0000 New Target: $150.0000 Maintain
30/07/2019 Broker: Raymond James Rating: Strong Buy Old Target: $140.0000 New Target: $175.0000 Maintain
21/06/2019 Broker: Oppenheimer Rating: Buy New Target: $130 Maintain
18/06/2019 Broker: Inc. Class A Common Stock Rating: Needham 140.0000
02/05/2019 Broker: Inc. Class A Common Stock Rating: Bank Of America New Target: $117.0000 135.0000
25/03/2019 Broker: Rosenblatt Rating: Buy New Target: $105 Maintain
22/03/2019 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $115 New Target: $125 Maintain
21/03/2019 Broker: Raymond James Rating: Buy Maintain

The stock decreased 0.16% or $0.21 during the last trading session, reaching $127.15. About 785,097 shares traded or 3.95% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 92.38% since September 13, 2018 and is uptrending. It has outperformed by 92.38% the S&P500.

RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $10.55 billion. The companyÂ’s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It currently has negative earnings. The Company’s products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office.

More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Finance.Yahoo.com which released: “Does RingCentral, Inc.’s (NYSE:RNG) CEO Salary Compare Well With Others? – Yahoo Finance” on September 06, 2019, also Seekingalpha.com with their article: “RingCentral +7.8% on beat-and-raise in Q2 – Seeking Alpha” published on July 29, 2019, Finance.Yahoo.com published: “RingCentral’s (NYSE:RNG) Wonderful 615% Share Price Increase Shows How Capitalism Can Build Wealth – Yahoo Finance” on April 29, 2019. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Fool.com and their article: “5 Hot Stocks to Buy in September – Motley Fool” published on September 04, 2019 as well as Seekingalpha.com‘s news article titled: “Avaya considering RingCentral JV; shares -9% – Seeking Alpha” with publication date: September 12, 2019.

RingCentral, Inc. (NYSE:RNG) Institutional Positions Chart

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