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Wells Fargo Maintains Equal-Weight on RingCentral, Raises Price Target to $65
Wells Fargo analyst Ryan Macwilliams maintains RingCentral (NYSE:RNG) with a Equal-Weight and raises the price target from $43 to $65.
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- benzinga
- Observed
- Aug 25, 2026, 12:37 PM
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- Aug 25, 2026, 12:37 PM
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- Captured once, then retained as an archive reference
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Shares of software companies are trading higher in sympathy with Palantir after the company reported strong second-quarter results, highlighting continued demand for AI-driven software solutions and supporting broader sector sentiment.
Read original at benzingaShares of software companies are trading higher as the sector rebounds from last week's sell-off following IBM's profit warning. Investors may also be rotating into software names as weakness in semiconductor and AI hardware stocks shifts interest toward less capital-intensive areas of the technology sector.
Read original at benzinga