KeyBanc analyst Steve Enders maintained a Buy rating on RingCentral (NYSE:RNG) on Wednesday, setting a price target of $404, which is approximately 72.92% above the present share price of $233.64.
Enders expects RingCentral to post earnings per share (EPS) of -$1.22 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in RingCentral, with an average price target of $371.78.
The analysts price targets range from a high of $404 to a low of $300.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $379.27 million and a net profit of -$73.38 million. The company's market cap is $21.38 billion.
According to TipRanks.com, KeyBanc analyst Steve Enders is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 32.0% and a 72.34% 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.