RingCentral: Business Continues To Stabilize

Luis Alvarez/DigitalVision via Getty Images Overview My recommendation for RingCentral (NYSE:RNG) is a buy rating as the business continues to show signs of stabilization that I am looking out for. My view on the recent pullback in share price is that the market is wary about the soft FY24 guide, which I think is beatable based on historical trends plus an improving macro outlook. The upcoming catalyst that could improve stock sentiment is when RNG delivers positive growth inflection from its partnershi ...