Raymond James lowered the firm’s price target on RingCentral (RNG) to $35 from $40 and keeps an Outperform rating on the shares. The Q1 results showed solid performance on free cash flow, and new product adoption continues to ramp at an encouraging clip, the analyst tells investors in a research note.
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Read More on RNG:
- RingCentral price target raised to $28 from $25 at Piper Sandler
- RingCentral price target lowered to $33 from $38 at UBS
- RingCentral transferred with Buy rating at Needham
- RingCentral Reports Strong Q1 2025 Financial Results
- RingCentral’s Market Position: Hold Rating Amid Uncertain Growth Prospects and Macroeconomic Concerns