Ringcentral (NYSE:RNG) Price Target Raised to $33.00

Ringcentral (NYSE:RNG) had its price objective upped by Morgan Stanley from $30.00 to $33.00 in a research note released on Friday,MarketScreener reports. The brokerage currently has an equal weight rating on the software maker’s stock.

Other analysts have also recently issued reports about the company. UBS Group set a $38.00 price objective on Ringcentral in a report on Friday. Oppenheimer reissued an “outperform” rating on shares of Ringcentral in a research note on Friday. Zacks Research lowered shares of Ringcentral from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Mizuho lifted their target price on shares of Ringcentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Ringcentral in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Ringcentral currently has an average rating of “Hold” and an average price target of $33.13.

Ringcentral Price Performance

RNG stock opened at $39.50 on Friday. The company has a 50 day moving average price of $28.38 and a 200 day moving average price of $28.89. Ringcentral has a fifty-two week low of $20.58 and a fifty-two week high of $40.64. The stock has a market capitalization of $3.42 billion, a PE ratio of 82.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23.

Ringcentral (NYSE:RNG) last announced its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. Ringcentral had a negative return on equity of 29.05% and a net margin of 1.73%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. Ringcentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, equities analysts expect that Ringcentral will post 1.29 earnings per share for the current fiscal year.

Ringcentral Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.30 annualized dividend and a dividend yield of 0.8%.

Insiders Place Their Bets

In other Ringcentral news, COO Kira Makagon sold 6,495 shares of the business’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $29.22, for a total value of $189,783.90. Following the completion of the transaction, the chief operating officer directly owned 336,162 shares of the company’s stock, valued at approximately $9,822,653.64. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tarun Arora sold 3,888 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $28.70, for a total value of $111,585.60. Following the completion of the sale, the chief accounting officer owned 93,412 shares of the company’s stock, valued at $2,680,924.40. This trade represents a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,123 shares of company stock valued at $743,774. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ringcentral

Institutional investors have recently modified their holdings of the business. Rothschild Investment LLC grew its position in shares of Ringcentral by 15.8% in the 4th quarter. Rothschild Investment LLC now owns 2,681 shares of the software maker’s stock valued at $77,000 after purchasing an additional 366 shares during the period. Amalgamated Bank lifted its stake in Ringcentral by 6.9% in the third quarter. Amalgamated Bank now owns 6,512 shares of the software maker’s stock valued at $185,000 after buying an additional 418 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Ringcentral by 98.5% in the third quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock valued at $26,000 after buying an additional 447 shares during the period. Jones Financial Companies Lllp increased its position in shares of Ringcentral by 61.6% during the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock worth $37,000 after acquiring an additional 464 shares in the last quarter. Finally, Xponance LLC raised its holdings in shares of Ringcentral by 4.0% during the fourth quarter. Xponance LLC now owns 12,059 shares of the software maker’s stock worth $348,000 after acquiring an additional 464 shares during the period. Institutional investors own 98.61% of the company’s stock.

Ringcentral News Roundup

Here are the key news stories impacting Ringcentral this week:

• Positive Sentiment: Q4 beat and stronger guidance — RNG reported $1.18 EPS and $644.0M revenue, topping estimates, with subscription sales and margins improving; management raised FY‑2026 EPS and Q1 EPS guidance well above Street expectations, underpinning the move higher. MarketBeat Q4 release
• Positive Sentiment: AI momentum cited as driver — Management and coverage note that RingCentral’s AI features are lifting bookings and revenue trends, helping convince investors that the company can sustain growth vs. other software names. CNBC AI / rally article
• Positive Sentiment: Earnings coverage and analyst commentary reinforce the beat — Multiple outlets and earnings notes highlight improved subscription trends and margin expansion, supporting investor confidence in the company’s execution. Zacks Q4 coverage
• Positive Sentiment: Unusual call buying — Options flow showed a large spike in call purchases, signaling speculative or institutional bullish positioning that can amplify intraday moves. Options activity note
• Neutral Sentiment: Analyst target updates mixed — Rosenblatt raised its price target and maintained a buy rating, a supportive signal, though some targets and commentary vary across brokers. Benzinga note
• Neutral Sentiment: Small quarterly dividend declared — RingCentral announced a $0.075 per‑share dividend (ex‑dividend March 9), a modest yield that is unlikely to be a major stock mover. Dividend announcement
• Negative Sentiment: Valuation and risk attention — Coverage of RNG joining S&P indices also flags valuation and other risks, which could cap upside if investors focus on stretched multiples and execution risks. Yahoo S&P indices article
• Negative Sentiment: Profitability metrics still mixed — Reports note a very low net margin and negative return on equity, which may keep longer‑term skeptics cautious despite the quarter’s beat. Earnings call transcript

About Ringcentral

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.