RingCentral Inc (NYSE: RNG) stock closed at $34.38 on 5/8/24 after a major increase of 14.6%. Moreover, exceptionally high trading volume at 327% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 16.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, RNG is expected to be a major Value Eraser.
RingCentral is currently unrated.
Rating Review
The stock is currently unrated.
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