On June 6, 2025, Keybanc initiated coverage of RingCentral (LSE:0V50) with a Sector Weight recommendation. The average one-year price target for the company is 32.29 GBX/share, suggesting an 18.23% upside from its latest closing price of 27.31 GBX/share. The forecasted annual revenue for RingCentral is expected to reach 2,777 million, marking a 14.36% increase.
Institutional sentiment shows that 573 funds hold positions in RingCentral, a decrease of 18 or 3.05% from the previous quarter. Despite this, total shares owned by institutions rose by 6.66% to 110,463K shares. Major holders include Capital World Investors with 9,686K shares (12.09% ownership) and Ameriprise Financial with 7,027K shares (8.77% ownership), the latter increasing its shareholding by 7.30% in the past quarter.
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