Evercore ISI analyst Peter Levine maintained a Buy rating on RingCentral (NYSE:RNG) on Wednesday, setting a price target of $410, which is approximately 40.91% above the present share price of $290.96.
Levine expects RingCentral to post earnings per share (EPS) of -$0.02 for the second quarter of 2021.
The current consensus among 22 TipRanks analysts is for a Strong Buy rating of shares in RingCentral, with an average price target of $458.63.
The analysts price targets range from a high of $525 to a low of $400.
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 $26.44 billion.
According to TipRanks.com, Evercore ISI analyst Peter Levine is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 58.8% and a 76.92% 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.