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Fly News Breaks for February 11, 2020
RNG
Feb 11, 2020 | 09:16 EDT
JPMorgan analyst Sterling Auty raised his price target for RingCentral to $253 from $225 saying the company last night posted an "impressive" subscription revenue beat and talked about momentum in the business, including improved linearity and shorter sales cycles. Pile on top of that another significant go-to-market partnership with Atos and investor reaction to the print should be "materially positive," Auty tells investors in a research note. He keeps an Overweight rating on RingCentral.
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