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

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

RNG has been the subject of a number of other reports. Mizuho raised their target price on Ringcentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday. UBS Group set a $38.00 price objective on shares of Ringcentral in a report on Friday. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Ringcentral in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ringcentral in a report on Monday, December 29th. Finally, Zacks Research cut shares of Ringcentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.13.

Ringcentral Trading Up 34.4%

RNG stock opened at $39.50 on Friday. The firm has a 50-day moving average of $28.38 and a two-hundred day moving average of $28.90. Ringcentral has a 12 month low of $20.58 and a 12 month high of $40.64. The company has a market cap 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 posted its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $643.52 million. During the same period in the prior year, the business earned $0.98 earnings per share. The business’s 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. As a group, equities analysts forecast that Ringcentral will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Ringcentral

In other Ringcentral news, COO Kira Makagon sold 6,495 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were 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 owned 336,162 shares of the company’s stock, valued at $9,822,653.64. This trade represents a 1.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Tarun Arora sold 3,888 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $28.70, for a total transaction of $111,585.60. Following the completion of the transaction, the chief accounting officer owned 93,412 shares of the company’s stock, valued at approximately $2,680,924.40. This trade represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,141 shares of company stock valued at $1,491,632 over the last quarter. 7.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ringcentral

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

Key Ringcentral News

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.