RingCentral: Under The Radar Pick -- Reiterating Buy

(8min)

Summary

  • We're putting RingCentral, Inc. on investors' radar for next year.
  • We think RingCentral’s UCaaS platform with AI integration enhances its positioning to boost its total ARR growth in FY25.
  • We also think management is executing strategically to boost its profitability and support further Free Cash Flow expansion.
  • Our positive outlook on RingCentral for next year is based on our belief that its customer base (mid-market and enterprise) will see more comfortable spend as the economy recovers.
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We’re picking up our coverage of RingCentral, Inc. (NYSE:RNG); the last article we wrote on RingCentral dates back to December 2022. We now update our thoughts on the stock and seek to

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This article was written by

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Tech Stock Pros is a team of three former technology sector engineers with a long history of investing in the tech sector.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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