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

Ringcentral (NYSE:RNG) had its price target lifted by analysts at Morgan Stanley from $30.00 to $33.00 in a report issued on Friday,MarketScreener reports. The firm currently has an “equal weight” rating on the software maker’s stock. Morgan Stanley’s price objective indicates a potential downside of 16.45% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of Ringcentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Rosenblatt Securities increased their price target on shares of Ringcentral from $32.00 to $37.50 and gave the stock a “buy” rating in a report on Friday. Oppenheimer reaffirmed an “outperform” rating on shares of Ringcentral in a report on Friday. UBS Group set a $38.00 target price on Ringcentral in a research report on Friday. Finally, Mizuho raised their price target on Ringcentral from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Friday. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.13.

Ringcentral Trading Up 34.4%

Ringcentral stock opened at $39.50 on Friday. The stock has a 50 day moving average of $28.38 and a two-hundred day moving average of $28.90. Ringcentral has a twelve month low of $20.58 and a twelve month high of $40.64. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 82.29, a PEG ratio of 1.63 and a beta of 1.23.

Ringcentral (NYSE:RNG) last released its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. Ringcentral had a negative return on equity of 29.05% and a net margin of 1.73%.The business had revenue of $644.03 million during the quarter, compared to analysts’ expectations of $643.52 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Ringcentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Equities analysts predict that Ringcentral will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Ringcentral

In related news, COO Kira Makagon sold 6,495 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $29.22, for a total value of $189,783.90. Following the sale, the chief operating officer directly owned 336,162 shares of the company’s stock, valued at approximately $9,822,653.64. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tarun Arora sold 3,888 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $28.70, for a total transaction of $111,585.60. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 53,141 shares of company stock valued at $1,491,632. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Empowered Funds LLC lifted its stake in Ringcentral by 9.0% in the 1st quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock valued at $283,000 after buying an additional 940 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Ringcentral by 14.8% in the first quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock worth $3,949,000 after acquiring an additional 20,518 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Ringcentral by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker’s stock valued at $6,467,000 after acquiring an additional 5,398 shares in the last quarter. CWM LLC boosted its stake in shares of Ringcentral by 290.8% during the second quarter. CWM LLC now owns 9,019 shares of the software maker’s stock valued at $256,000 after acquiring an additional 6,711 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Ringcentral by 23.7% during the second quarter. AlphaQuest LLC now owns 43,752 shares of the software maker’s stock valued at $1,240,000 after acquiring an additional 8,371 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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

Ringcentral Company Profile

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.