RingCentral price target lowered to $31 from $37 at Barclays

Barclays lowered the firm’s price target on RingCentral (RNG) to $31 from $37 and keeps an Equal Weight rating on the shares following the Q4 report. The firm says the company’s new products support a fiscal 2025 revenue growth algorithm, although the 2025 outlook likely came in below investor expectations.