RingCentral (NYSE:RNG) Hits New 1-Year High Following Analyst Upgrade

RingCentral, Inc. (NYSE:RNG)’s stock price reached a new 52-week high on Monday after Rosenblatt Securities raised their price target on the stock from $80.00 to $105.00. Rosenblatt Securities currently has a buy rating on the stock. RingCentral traded as high as $98.14 and last traded at $83.5760, with a volume of 4,623,082 shares changing hands. The stock had previously closed at $83.39.

Several other research firms have also weighed in on RNG. FBN Securities restated an “outperform” rating and issued a $105.00 target price on shares of RingCentral in a report on Friday. Piper Sandler upped their target price on shares of RingCentral from $43.00 to $94.00 and gave the company a “neutral” rating in a report on Friday. Oppenheimer upped their price target on shares of RingCentral from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings raised shares of RingCentral from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, UBS Group set a $91.00 target price on RingCentral in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.92.

Insider Activity

In other news, CFO Vaibhav Agarwal sold 7,046 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $72.10, for a total value of $508,016.60. Following the completion of the sale, the chief financial officer directly owned 146,700 shares in the company, valued at $10,577,070. This represents a 4.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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. Also, CEO Vladimir Shmunis sold 15,556 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $71.78, for a total transaction of $1,116,609.68. Following the sale, the chief executive officer owned 190,271 shares in the company, valued at approximately $13,657,652.38. The trade was a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 sold 84,625 shares of company stock valued at $6,024,953 over the last three months. Corporate insiders own 7.30% of the company’s stock.

RingCentral News Roundup

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: Rosenblatt Securities raised its price target to $105 from $80 and upgraded RingCentral to “buy.” The new target implies approximately 25.8% upside from the referenced $83.46 share price, reinforcing bullish analyst sentiment.
• Positive Sentiment: RingCentral’s latest quarterly results exceeded expectations, with earnings of $1.33 per share versus the $1.28 consensus estimate and revenue of $676.04 million versus $667.30 million expected. Revenue rose 5.8% year over year, while earnings increased from $1.13 per share in the comparable period.
• Positive Sentiment: Analyst commentary highlights higher 2026 guidance, expanding margins, and progress in AI-enabled products as reasons to raise fair-value estimates and price targets. Morgan Stanley, Wells Fargo, and Needham also issued favorable outlooks for RingCentral. RingCentral Gains Fresh Attention As AI Progress And Higher Guidance Test Valuation
• Positive Sentiment: Some analysts and financial commentators believe the stock remains undervalued despite having approximately tripled year to date, arguing that the earnings performance and AI opportunity support additional upside. RingCentral: Even After The Surge, This AI-Driven Stock Remains Cheap
• Neutral Sentiment: The sharp rally has made valuation a more important consideration. Although bullish analysts see further upside, the stock’s performance now depends on RingCentral converting AI investments, margin improvements, and raised guidance into sustained growth. RingCentral Stock Fair Value Rises After Analysts Lift Views On AI And Margins

Institutional Investors Weigh In On RingCentral

Several large investors have recently added to or reduced their stakes in RNG. Fortitude Family Office LLC grew its holdings in RingCentral by 128.1% during the third quarter. Fortitude Family Office LLC now owns 349 shares of the software maker’s stock valued at $26,000 after purchasing an additional 196 shares during the period. WealthCollab LLC boosted its holdings in shares of RingCentral by 59.7% during the first quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock worth $26,000 after acquiring an additional 259 shares during the period. Versant Capital Management Inc boosted its position in shares of RingCentral by 2.3% during the 2nd 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 in the last quarter. Elevation Wealth Partners LLC grew its position in RingCentral by 119.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 546 shares of the software maker’s stock worth $41,000 after acquiring an additional 297 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of RingCentral by 3.1% during the first quarter. Pictet Asset Management Holding SA now owns 11,883 shares of the software maker’s stock worth $442,000 after acquiring an additional 362 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

RingCentral Price Performance

The firm’s fifty day moving average price is $74.01 and its two-hundred day moving average price is $54.35. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10.

RingCentral (NYSE:RNG) last issued its quarterly earnings results on Thursday, October 22nd. The software maker reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The company had revenue of $676.04 million during the quarter, compared to the consensus estimate of $667.30 million. RingCentral had a negative return on equity of 50.15% and a net margin of 25.27%. RingCentral’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.13 earnings per share. On average, equities research analysts anticipate that RingCentral, Inc. will post 2.89 earnings per share for the current year.

RingCentral Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, November 6th. RingCentral’s dividend payout ratio (DPR) is 6.61%.

RingCentral Company Profile

RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.

The company’s offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.