RingCentral (NYSE:RNG) Price Target Raised to $40.00 at Mizuho

RingCentral (NYSE:RNG) had its price target hoisted by Mizuho from $38.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

RNG has been the subject of several other reports. Morgan Stanley boosted their target price on RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of RingCentral in a research report on Friday, July 17th. Piper Sandler raised their price objective on shares of RingCentral from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on shares of RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of RingCentral in a research report on Monday. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, RingCentral presently has a consensus rating of “Hold” and an average price target of $44.40.

RingCentral Price Performance

Shares of RNG stock opened at $48.33 on Friday. RingCentral has a one year low of $23.59 and a one year high of $50.14. The firm has a 50-day moving average of $40.41 and a 200-day moving average of $36.78. The company has a market cap of $4.05 billion, a P/E ratio of 38.66, a P/E/G ratio of 1.14 and a beta of 1.14.

RingCentral (NYSE:RNG) last announced its earnings results on Thursday, July 23rd. The software maker reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $657.01 million during the quarter, compared to analyst estimates of $650.53 million. RingCentral had a negative return on equity of 34.98% and a net margin of 4.27%.The business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $1.06 EPS. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. As a group, research analysts expect that RingCentral will post 2.78 earnings per share for the current fiscal year.

RingCentral Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 6th. This is an increase from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio is 31.91%.

Insider Activity at RingCentral

In other news, COO Kira Makagon sold 16,988 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $42.54, for a total transaction of $722,669.52. Following the transaction, the chief operating officer directly owned 212,724 shares of the company’s stock, valued at approximately $9,049,278.96. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Agarwal sold 7,047 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $46.17, for a total transaction of $325,359.99. Following the completion of the sale, the chief financial officer directly owned 169,282 shares of the company’s stock, valued at approximately $7,815,749.94. This trade represents a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 44,498 shares of company stock worth $1,892,586 in the last ninety days. Corporate insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. WealthCollab LLC raised its holdings in shares of RingCentral by 59.7% in the first quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock worth $26,000 after buying an additional 259 shares during the last quarter. Versant Capital Management Inc raised its position in RingCentral by 2.3% during the second quarter. Versant Capital Management Inc now owns 11,521 shares of the software maker’s stock worth $449,000 after acquiring an additional 259 shares during the period. Pictet Asset Management Holding SA lifted its holdings in RingCentral by 3.1% during the first quarter. Pictet Asset Management Holding SA now owns 11,883 shares of the software maker’s stock valued at $442,000 after purchasing an additional 362 shares in the last quarter. Rothschild Investment LLC grew its position in shares of RingCentral by 15.8% in the fourth 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. Finally, Sovereign Financial Group Inc. increased its stake in shares of RingCentral by 4.2% during the first quarter. Sovereign Financial Group Inc. now owns 10,170 shares of the software maker’s stock worth $378,000 after purchasing an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Trending Headlines about RingCentral

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported Q2 EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected, showing a solid beat on both the top and bottom lines. RingCentral Q2 Earnings Report
• Positive Sentiment: The company raised Q3 2026 guidance to EPS of $1.25-$1.30 and revenue of $664 million-$670 million, both above consensus, and lifted FY 2026 EPS guidance to $4.96-$5.10. RingCentral Financial Results
• Positive Sentiment: Management and recent commentary point to stronger subscription growth, higher margins, and expanding AI adoption, which are supporting the improved growth outlook. Zacks Q2 Earnings Article
• Positive Sentiment: RingCentral also announced a 66.7% increase in its quarterly dividend to $0.125 per share, signaling confidence in cash generation and capital returns. Insider Monkey Article
• Neutral Sentiment: Mizuho raised its price target to $40 but kept a neutral rating, which is below the current trading level and suggests some caution on valuation. Mizuho Price Target Update
• Neutral Sentiment: Rosenblatt reaffirmed a buy rating with a $50 target, broadly reinforcing the positive post-earnings sentiment. Rosenblatt Rating Update

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.