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Fly News Breaks for January 23, 2020
T, AVYA, RNG
Jan 23, 2020 | 09:20 EDT
Needham analyst Richard Valera raised his price target on RingCentral (RNG) to $220 and kept his Buy rating after meeting with the management of Avaya (AVYA) at the Needham Growth Conference last week. The analyst notes that the progress on the partnership of the two companies appears to be good and the launch of the Avaya Cloud Office product appears to be track. Valera adds that the feedback regarding activity from RingCentral's partnership with AT&T (T) has also been positive.
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