$36.44
1.18% day before yesterday
NYSE, Nov 01, 09:00 pm CET
ISIN
US76680R2067
Symbol
RNG

RingCentral Target price 2024 - Analyst rating & recommendation

RingCentral Classifications & Recommendation:

Buy
52%
Hold
48%

RingCentral Price Target

Target Price $41.22
Price $36.45
Potential
Number of Estimates 18
18 Analysts have issued a price target RingCentral 2025 . The average RingCentral target price is $41.22. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 23 analysts: 12 Analysts recommend RingCentral to buy, 11 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the RingCentral stock has an average upside potential 2025 of . Most analysts recommend the RingCentral stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 2.20 2.39
10.77% 8.74%
EBITDA Margin 3.45% 24.54%
169.05% 611.43%
Net Margin -7.25% -3.72%
82.98% 48.72%

20 Analysts have issued a sales forecast RingCentral 2024 . The average RingCentral sales estimate is

$2.4b
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. This is
3.83% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.4b 3.99%
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, the lowest is
$2.4b 3.57%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $2.2b 10.77%
2024
$2.4b 8.74%
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2025
$2.6b 7.80%
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2026
$2.7b 6.49%
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9 Analysts have issued an RingCentral EBITDA forecast 2024. The average RingCentral EBITDA estimate is

$588m
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. This is
274.32% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$592m 277.00%
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, the lowest is
$584m 271.70%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $76.0m 176.49%
2024
$588m 673.72%
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2025
$699m 18.98%
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2026
$770m 10.06%
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EBITDA Margin

2023 3.45% 169.05%
2024
24.54% 611.43%
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2025
27.09% 10.39%
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2026
28.00% 3.36%
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8 RingCentral Analysts have issued a net profit forecast 2024. The average RingCentral net profit estimate is

$-89.1m
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. This is
31.21% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-80.8m 37.59%
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, the lowest is
$-119m 7.84%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-160m 81.15%
2024
$-89.1m 44.26%
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2025
$-21.3m 76.13%
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2026
$19.6m 192.29%
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Net Margin

2023 -7.25% 82.98%
2024
-3.72% 48.72%
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2025
-0.82% 77.96%
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2026
0.71% 186.59%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -1.74 -0.97
81.15% 44.25%
P/E negative
EV/Sales 2.06

8 Analysts have issued a RingCentral forecast for earnings per share. The average RingCentral <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-0.97
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. This is
31.21% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-0.88 37.59%
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, the lowest is
$-1.30 7.80%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-1.74 81.15%
2024
$-0.97 44.25%
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2025
$-0.23 76.29%
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2026
$0.21 191.30%
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P/E ratio

Current -25.80 588.00%
2024
-37.58 45.66%
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2025
-157.40 318.84%
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2026
170.62 208.40%
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Based on analysts' sales estimates for 2024, the RingCentral stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.14 13.23%
2024
2.06 3.76%
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2025
1.91 7.24%
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2026
1.79 6.09%
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P/S ratio

Current 1.45 27.61%
2024
1.40 3.69%
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2025
1.30 7.23%
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2026
1.22 6.09%
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