RingCentral shares in 2019 rose 104%. This looks to be a strong expansion year for RingCentral, as the company is already ramping up the Avaya partnership, which closed on October 31. Needham last week raised its RingCentral price target to $220 from $190. The two top holders, Capital World and Fidelity, own 10 million shares and 6.8 million shares, respectively. Alkeon Capital owns 2.3 million shares and counts RingCentral among its five largest holdings.

Source: Forbes January 27, 2020 14:03 UTC