Evercore starts RingCentral at Outperform

• Evercore ISI has launched coverage of RingCentral (NYSE:RNG) at Outperform.
• That's the latest new call after the company launched a new video meeting product last week that could benefit from the widespread shelter-in-place orders around the coronavirus pandemic.
• Evercore set its price target to $240, implying 23% upside.
• Overall, sell-side analysts are Very Bullish on the stock, while Seeking Alpha authors are Neutral. It has a Quant Rating of Neutral.