Barclays (LON:BARC) analyst Ryan MacWilliams maintained a Buy rating on RingCentral (NYSE:RNG) on Tuesday, setting a price target of $400, which is approximately 106.56% above the present share price of $193.65.
MacWilliams expects RingCentral to post earnings per share (EPS) of -$1.60 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in RingCentral, with an average price target of $382.21.
The analysts price targets range from a high of $410 to a low of $300.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $414.63 million and a net profit of -$83.14 million. The company's market cap is $18.1 billion.
According to TipRanks.com, Barclays analyst Ryan MacWilliams is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.0% and a 72.45% success rate.
Founded in 1999, California-based RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company's products include RingCentral Professional, RingCentral Office, RingCentral Glip, and RingCentral Fax.