Colliers Securities analyst Catharine Trebnick maintained a Buy rating on RingCentral (NYSE:RNG) on Wednesday, setting a price target of $470, which is approximately 46.25% above the present share price of $321.36.
Trebnick expects RingCentral to post earnings per share (EPS) of -$0.02 for the first quarter of 2021.
The current consensus among 21 TipRanks analysts is for a Strong Buy rating of shares in RingCentral, with an average price target of $487.84.
The analysts price targets range from a high of $535 to a low of $450.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $334.54 million and a net profit of -$28.74 million. The company's market cap is $29.08 billion.
According to TipRanks.com, Colliers Securities analyst Catharine Trebnick is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.7% and a 45.26% success rate.
RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firms solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones; and allow for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.