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

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

RNG has been the topic of several other research reports. Zacks Research lowered shares of Ringcentral from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Ringcentral in a research report on Monday, December 29th. Mizuho upped their price target on Ringcentral from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday. UBS Group set a $38.00 target price on Ringcentral in a research note on Friday. Finally, Oppenheimer reissued an “outperform” rating on shares of Ringcentral in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to 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%

Shares of NYSE:RNG opened at $39.50 on Friday. The company has a 50 day moving average of $28.38 and a 200-day moving average of $28.90. The firm has a market cap of $3.42 billion, a P/E ratio of 82.29, a P/E/G ratio of 1.63 and a beta of 1.23. Ringcentral has a twelve month low of $20.58 and a twelve month high of $40.64.

Ringcentral (NYSE:RNG) last released its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. During the same period in the previous year, the company earned $0.98 earnings per share. Ringcentral’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. Equities research analysts forecast that Ringcentral will post 1.29 EPS for the current year.

Insider Activity

In related news, CAO Tarun Arora sold 3,888 shares of Ringcentral stock in a transaction on Monday, December 1st. The shares were sold at an average price of $28.70, for a total value of $111,585.60. Following the completion of the sale, the chief accounting officer owned 93,412 shares of the company’s stock, valued at approximately $2,680,924.40. The trade was a 4.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kira Makagon sold 14,798 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $28.11, for a total value of $415,971.78. Following the transaction, the chief operating officer owned 349,358 shares in the company, valued at approximately $9,820,453.38. This trade represents a 4.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,141 shares of company stock worth $1,491,632. 7.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings 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 during the period. Woodline Partners LP boosted its position in shares of Ringcentral by 14.8% during the 1st quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock valued at $3,949,000 after acquiring an additional 20,518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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 during the period. CWM LLC raised its position in Ringcentral by 290.8% in the second quarter. CWM LLC now owns 9,019 shares of the software maker’s stock worth $256,000 after purchasing an additional 6,711 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in Ringcentral by 23.7% during the second quarter. AlphaQuest LLC now owns 43,752 shares of the software maker’s stock worth $1,240,000 after purchasing an additional 8,371 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Ringcentral News Summary

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.