$35.64
1.32% today
NYSE, Dec 30, 09:16 pm CET
ISIN
US76680R2067
Symbol
RNG

RingCentral Target price 2024 - Analyst rating & recommendation

RingCentral Classifications & Recommendation:

Buy
50%
Hold
50%

RingCentral Price Target

Target Price $42.72
Price $36.11
Potential
Number of Estimates 18
18 Analysts have issued a price target RingCentral 2025 . The average RingCentral target price is $42.72. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 22 analysts: 11 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 Buy or hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 2.20 2.40
10.77% 8.89%
EBITDA Margin 3.45% 24.66%
169.05% 614.91%
Net Margin -7.14% -2.65%
82.98% 62.91%

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

$2.4b
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. This is
1.74% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.4b 1.81%
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, the lowest is
$2.4b 1.72%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $2.2b 10.77%
2024
$2.4b 8.89%
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2025
$2.6b 7.41%
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2026
$2.8b 6.87%
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10 Analysts have issued an RingCentral EBITDA forecast 2024. The average RingCentral EBITDA estimate is

$591m
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. This is
181.06% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$618m 193.74%
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, the lowest is
$587m 179.06%
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.

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

EBITDA Estimates

2023 $76.0m 176.49%
2024
$591m 678.41%
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2025
$686m 16.03%
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2026
$758m 10.54%
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EBITDA Margin

2023 3.45% 169.05%
2024
24.66% 614.91%
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2025
26.64% 8.03%
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2026
27.55% 3.42%
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7 RingCentral Analysts have issued a net profit forecast 2024. The average RingCentral net profit estimate is

$-63.5m
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. This is
33.12% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-57.0m 40.00%
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, the lowest is
$-79.3m 16.49%
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.

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

Net Profit Estimates

2023 $-157m 81.15%
2024
$-63.5m 59.64%
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2025
$6.8m 110.71%
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2026
$77.5m 1,039.26%
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Net Margin

2023 -7.14% 82.98%
2024
-2.65% 62.91%
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2025
0.26% 109.81%
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2026
2.81% 980.77%
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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 -0.70
81.15% 59.77%
P/E negative
EV/Sales 2.01

7 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

$-0.70
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. This is
33.33% 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
$-0.63 40.00%
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, the lowest is
$-0.88 16.19%
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.

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

Earnings Per Share

2023 $-1.74 81.15%
2024
$-0.70 59.77%
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2025
$0.08 111.43%
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2026
$0.86 975.00%
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P/E ratio

Current -34.30 322.41%
2024
-51.42 49.91%
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2025
479.96 1,033.41%
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2026
42.15 91.22%
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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 2.04 8.52%
2024
2.01 1.51%
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2025
1.87 6.90%
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2026
1.75 6.43%
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P/S ratio

Current 1.38 7.27%
2024
1.36 1.71%
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2025
1.26 6.89%
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2026
1.18 6.43%
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