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Fly News Breaks for February 11, 2020
RNG
Feb 11, 2020 | 07:44 EDT
Raymond James analyst Brian Peterson raised his price target for RingCentral to $250 from $190 and reiterated his Strong Buy rating following the company's "impressive" Q4 and 2020 outlook that's above consensus. The analyst says he sees multiple vectors for RingCentral to multiply it's $1B run-rate, all while delivering on the rule of 40, and says he ultimately believes it remains one of the most open-ended growth stories in all of SaaS.
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