Vivian D. Labbe
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Vivian D. Labbe in Mergers & Acquisitions,

Google, Amazon Among Speculated Buyers If RingCentral M&A Rumors Are True

Baird Equity Research lowered its rating for RingCentral Inc RNG from Outperform to Neutral after the stock jumped 8.08 percent Wednesday on an unsubstantiated M&A rumor.


Bloomberg reported Wednesday morning that RingCentral is working with advisors to consider an offer for the company and the Baird analysts believe that any larger cloud company could be a buyer. They named Alphabet Inc GOOG GOOGLOracle Corporation ORCL and, Inc. AMZN as potential candidates. Source

We can see a clear upside trend, which will likely continue.