RingCentral, Inc.
เพิ่มขึ้น
ที่อัปเดต:

RingCentral Broke out, Target price $100

RingCentral has broken out of its two-year consolidation phase, supported by a historically low multiple and steady growth in revenue and profit. I’m holding a substantial position in my portfolio, as the breakout's strength will be confirmed (or challenged) by next week’s earnings report. That said, my long-term price target remains firm.
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The recent pullback in profit presents a fantastic opportunity to re-enter the market. I’ve taken advantage of this by increasing my exposure with a substantial position in long-term, near-the-money call options to capitalize on the dip and position for future gains.

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