3.7% Below Target

The consensus price target for RNG is $42.13, close to the current price of $40.64 (3.7% implied move). Based on 42 analyst estimates, the stock appears fairly valued near current levels.

RNG has a consensus rating of "Buy" based on 42 Wall Street analysts. The rating breakdown is predominantly bullish, with 28 Buy/Strong Buy ratings. The consensus 12-month price target of $42.13 implies 3.7% upside from current levels.

With a forward P/E of 8.2839x, RNG trades at a relatively low valuation. The consensus target of $42.13 implies 3.7% appreciation, suggesting the market may be pricing in risks.

The most bullish Wall Street analyst has a price target of $55 for RNG, while the most conservative target is $32. The consensus of $42.13 represents the median expectation. Our quantitative valuation model projects a bull case target of $130 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

RNG is heavily covered by Wall Street, with 42 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 28 have Buy ratings, 14 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month RNG stock forecast based on 42 Wall Street analysts shows a consensus price target of $42.13, with estimates ranging from $32 (bear case) to $55 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $99, with bear/bull scenarios of $62/$130.

Our quantitative valuation model calculates RNG's fair value at $99 (base case), with a bear case of $62 and bull case of $130. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 68/100.

RNG trades at a forward P/E ratio of 8.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 84.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

RNG appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $42.13 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

RNG analyst price targets range from $32 to $55, a 55% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $42.13 consensus represents the middle ground. Our model's $62-$130 range provides an independent fundamental perspective.