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Stephens raises RingCentral price target to $95, stays Equal Weight on valuation. Stephens analyst Dmitry Netis raised his price target on shares of RingCentral to $95 from $85 after the company "cleared the Street's high expectations" with its Q4 results and fiscal year guidance. However, he keeps an Equal Weight rating on the shares, citing valuation, intensifying vendor competition, and rising cloud penetration.

RingCentral price target raised to $120 from $95 at Craig-Hallum. Craig-Hallum analyst George Sutton raised his price target for RingCentral to $120 from $95 to reflect higher estimates and a modestly higher multiple given the company's continued outperformance. The analyst reiterates a Buy rating on the stock.

RingCentral price target raised to $120 from $100 at SunTrust. SunTrust analyst Terry Tillman raised his price target on RingCentral to $120 and kept his Buy rating after its Q4 results, saying the quarter reflected the company's "continued momentum with key growth and upside drivers" that included a 60% increase in enterprise/mid-market business and stronger channel sales. The analyst also raised his FY19 revenue view to $855M from $830M after RingCentral's initial guidance, noting that its outlook has contributed to more visibility for growth upside this year. Tillman adds that he is excited by the company's "enterprise/mid-market momentum, channel strength, and international expansion".

RingCentral price target raised to $120 from $100 at Baird. Baird analyst William Power raised his price target on RingCentral to $120 from $100 following Q4 results and guidance that were above expectations. The analyst said enterprise traction continues to be a key driver, including the announcement of its largest deal ever. He also remains positive on cloud communications trends and the company's industry leading UCaaS results. Power reiterated his Outperform rating on RingCentral shares.

RingCentral Q4 results beat by 'monumental proportions,' says Stifel. Stifel analyst Matthew Van Vliet said RingCentral reported Q4 results that beat expectations 'by monumental proportions' and also gave a 2019 outlook that was well above expectations. The analyst, who added that RingCentral's target for $1B in revenue by 2020 is "starting to look like a walk in the park," raised his price target on RingCentral shares to $120 from $102 and keeps a Buy rating on the stock.

RingCentral price target raised to $117 from $101 at Oppenheimer. Oppenheimer analyst Brian Schwartz raised his price target for RingCentral to $117 from $101 after the company generated another beat-and-guide-above quarter of business results and solid business metrics in Q4. The analyst notes that the Q4 earnings report reinforces his view that RingCentral's fundamentals outlook could look increasingly positive relative to other SaaS SMB/midmarket-focused names this year. Schwartz reiterates an Outperform rating on the shares.

RingCentral price target raised to $115 from $105 at Deutsche Bank. Deutsche Bank analyst Michael Turrin raised his price target for RingCentral to $115 saying the company delivered another quarter of "impressive results." Large deal activity continues to stand out, Turrin tells investors in a research note titled "Running Away with the UCaaS Market." The analyst keeps a Buy rating on RingCentral.

RingCentral price target raised to $115 from $105 at Jefferies. Jefferies analyst Samad Samana raised his price target for RingCentral to $115 from $105 saying the company "handily beat" Q4 expectations across the board. Core subscription revenue excluding AT&T grew 38% year-over-year despite a tough comp, and total annual recurring revenue growth accelerated to 33% from 31% in Q3, Samana tells investors in a post-earnings research note. The analyst views the revenue guidance as conservative "given the tailwinds behind" RingCentral. He keeps a Buy rating on the shares.