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Fly News Breaks for May 10, 2018
RNG
May 10, 2018 | 05:09 EDT
JPMorgan analyst Sterling Auty raised his price target for RingCentral to $76 saying the company's March quarter "was impressive, especially in the enterprise segment growing 110%." The analyst, however, notes the shares at current levels do not provide big upside to his new target. He believes further outperformance will have to be based on investors looking past any valuation constraints. Auty keeps a Neutral rating on RingCentral.
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