J.P. Morgan Reiterates on RingCentral Following Impressive 3Q Results

In a report published Wednesday, J.P. Morgan analyst John DiFucci reiterated an Overweight rating and $25.00 price target on RingCentral (NYSE: RNG ). In the report, J.P. Morgan noted, “RingCentral is a first mover of a disruptive force in the huge existing market for business phone systems, which it will