Ringcentral (NYSE:RNG) Price Target Raised to $37.50

Ringcentral (NYSE:RNG) had its price objective raised by Rosenblatt Securities from $32.00 to $37.50 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other brokerages also recently weighed in on RNG. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Ringcentral in a research report on Tuesday, November 4th. Morgan Stanley reduced their price target on Ringcentral from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Ringcentral in a research note on Monday, December 29th. Finally, Zacks Research lowered Ringcentral from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.13.

Ringcentral Stock Performance

Shares of NYSE:RNG opened at $39.50 on Friday. The company’s fifty day moving average is $28.38 and its two-hundred day moving average is $28.89. Ringcentral has a 1-year low of $20.58 and a 1-year high of $40.64. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 82.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23.

Ringcentral (NYSE:RNG) last issued its earnings results 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 company had revenue of $644.03 million during the quarter, compared to the consensus estimate of $643.52 million. Ringcentral had a negative return on equity of 29.05% and a net margin of 1.73%.Ringcentral’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Ringcentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Sell-side analysts expect that Ringcentral will post 1.29 EPS for the current fiscal year.

Ringcentral Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, March 9th.

Insider Activity at Ringcentral

In related news, CAO Tarun Arora sold 3,888 shares of Ringcentral stock in a transaction on Monday, December 1st. The stock was sold at an average price of $28.70, for a total value of $111,585.60. Following the transaction, the chief accounting officer directly owned 93,412 shares in the company, valued at $2,680,924.40. The trade was a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Kira Makagon sold 6,495 shares of the business’s stock in a transaction on Friday, December 26th. The stock was 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 in the company, valued at $9,822,653.64. This trade represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 26,123 shares of company stock valued at $743,774. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On Ringcentral

A number of institutional investors have recently bought and sold shares of RNG. Fort Washington Investment Advisors Inc. OH grew its position in Ringcentral by 22.9% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,224,090 shares of the software maker’s stock worth $34,691,000 after purchasing an additional 228,202 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Ringcentral during the second quarter valued at $404,000. Russell Investments Group Ltd. lifted its stake in Ringcentral by 79.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 340,188 shares of the software maker’s stock worth $9,610,000 after acquiring an additional 150,537 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Ringcentral in the 2nd quarter worth about $430,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Ringcentral by 29.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,629 shares of the software maker’s stock worth $16,999,000 after acquiring an additional 134,992 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Key Stories Impacting Ringcentral

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.