| 2018-08-07 04:56:15|
RNG 04:56 08/07 08/07/18
RingCentral target raised to $97 on 'strong' quarter at Jefferies
Jefferies analyst John DiFucci raised his price target for RingCentral to $97 from $95 saying the company posted "another strong quarter" in Q2. Subscription revenue growth of 32% kept the accelerated pace of the prior two quarters, DiFucci tells investors in a post-earnings research note. He believes RingCentral is seeing continued channel momentum and keeps a Buy rating on the shares.