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Fly News Breaks for February 11, 2020
Feb 11, 2020 | 08:45 EDT
Craig-Hallum analyst George Sutton raised his price target for RingCentral to $250 from $175 saying that "the engine continues to operate flawlessly," while extending the lead with additional horsepower. The analyst notes that results in the quarter once again exceeded his expectations, with growth driven by "strong" gains in the enterprise, channel, and targeted verticals. He has a Buy rating on the shares.
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