RingCentral (RNG) Upgraded to Strong Buy: What Does It Mean for the Stock?
RNGRingCentral(RNG) ZACKS·2024-07-23 01:01

Investors might want to bet on RingCentral (RNG) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syste ...