Fly News Breaks for February 11, 2020
Feb 11, 2020 | 07:09 EDT
Goldman Sachs analyst Heather Bellini raised her price target for RingCentral to $255 from $230 and maintains a Buy rating on the shares after the company's Q4 results exceeded expectations. The analyst sees "continued runway for outperformance" driven by secular growth from unified communications as a service, enterprise traction, and continued evolution in the companies go-to-market strategy, most notably RingCentral's recently announced partnership with Avaya.
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