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RNG

RingCentral

09:19
02/13/18
02/13
09:19
02/13/18
09:19

RingCentral price target raised to $60 from $50 at SunTrust

SunTrust analyst Terry Tillman raised his price target on RingCentral to $60 after a "stellar" Q4 earnings, with bookings growth in mid market and enterprise business along with core margin expansion. Tillman keeps his Buy rating on RingCentral, citing consistent trends of exceeding expectations as well as the "big" total addressable market exposure.

RNG RingCentral

02/13/18
CHLM
02/13/18
NO CHANGE
Target $65
CHLM
Buy
RingCentral price target raised to $65 from $50 at Craig-Hallum
Craig-Hallum analyst George Sutton raised his price target for RingCentral to $65 from $50, citing flawless execution and industry leadership. The analyst reiterates a Buy rating on the shares.
02/13/18
OPCO
02/13/18
NO CHANGE
Target $66
OPCO
Outperform
RingCentral price target raised to $66 from $60 at Oppenheimer
Oppenheimer analyst Brian Schwartz raised his price target for RingCentral to $66 from $60 after the company delivered another quarter of "very solid" execution and reported results. The analyst reiterates an Outperform rating on the shares.
02/13/18
JEFF
02/13/18
NO CHANGE
Target $64
JEFF
Buy
RingCentral target raised to $64 on 'solid' quarter at Jefferies
RingCentral last night exceeded Q4 estimates on nearly all metrics, with Software revenue growth accelerating to 32%, and the company provided 2018 annual guidance above Street estimates, Jefferies analyst John DiFucci tells investors in a post-earnings research note titled "Another Solid Quarter." He raised his price target for the shares to $64 from $60 and keeps a Buy rating on the name. The analyst believes RingCentral is well positioned to capture the demand from the Unified Communications market shifting to cloud offerings.
02/08/18
JPMS
02/08/18
NO CHANGE
JPMS
Overweight
LogMeln acquisition of Jive positive for shareholders, says JPMorgan
JPMorgan analyst Sterling Auty views LogMeln's (LOGM) acquisition of Jive Communications for $342M in cash as positive for both growth and shareholders. The deal will add needed top-line growth, bolster the overall platform, and capitalize on the "robust" unified communications as a service market, Auty tells investors in a research note. He sees LogMeln benefitting as competitors RingCentral (RNG) and 8x8, Inc. (EGHT) focus on moving into the large enterprise segment. The analyst keeps an Overweight rating on LogMeln.

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JKHY

Jack Henry

$121.95

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DBX

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AMZN

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

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