RingCentral (NYSE:RNG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

RingCentral (NYSE:RNG) had its price target increased by equities researchers at Wells Fargo & Company from $65.00 to $85.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 1.12% from the company’s current price.

Several other research analysts have also commented on the stock. Piper Sandler restated a “neutral” rating and set a $94.00 price target on shares of RingCentral in a research note on Friday. Oppenheimer restated an “outperform” rating and set a $110.00 target price on shares of RingCentral in a research note on Friday. Jefferies Financial Group reiterated a “hold” rating and set a $75.00 price target on shares of RingCentral in a report on Friday. Morgan Stanley raised their price objective on shares of RingCentral from $41.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Royal Bank Of Canada began coverage on shares of RingCentral in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $85.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, RingCentral has an average rating of “Hold” and an average target price of $88.42.

RingCentral Stock Performance

NYSE RNG traded up $6.55 on Friday, reaching $85.97. The company’s stock had a trading volume of 1,829,447 shares, compared to its average volume of 1,983,990. The firm’s 50 day moving average is $73.63 and its two-hundred day moving average is $54.03. RingCentral has a twelve month low of $24.14 and a twelve month high of $98.14. The stock has a market cap of $7.18 billion, a PE ratio of 68.92, a PEG ratio of 1.43 and a beta of 1.10.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, October 22nd. The software maker reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $676.04 million for the quarter, compared to analysts’ expectations of $667.30 million. RingCentral had a negative return on equity of 34.49% and a net margin of 4.27%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. Equities research analysts anticipate that RingCentral will post 2.89 EPS for the current fiscal year.

Insider Activity at RingCentral

In other news, Director Amy Shenkan sold 1,264 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $78.89, for a total transaction of $99,716.96. Following the transaction, the director owned 28,108 shares of the company’s stock, valued at $2,217,440.12. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kira Makagon sold 36,185 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $70.11, for a total transaction of $2,536,930.35. Following the transaction, the chief operating officer owned 245,385 shares in the company, valued at approximately $17,203,942.35. The trade was a 12.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 84,625 shares of company stock valued at $6,024,953 over the last quarter. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RingCentral

Several hedge funds have recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC acquired a new stake in shares of RingCentral during the third quarter worth $246,000. Nisa Investment Advisors LLC grew its stake in shares of RingCentral by 3,230.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,855 shares of the software maker’s stock worth $1,035,000 after acquiring an additional 13,439 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of RingCentral during the 3rd quarter worth approximately $2,021,000. Fairvoy Private Wealth LLC bought a new stake in shares of RingCentral in the third quarter worth $1,202,000. Finally, Robertson Stephens Wealth Management LLC lifted its position in RingCentral by 3.4% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 66,160 shares of the software maker’s stock worth $4,942,000 after buying an additional 2,179 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

More RingCentral News

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported third-quarter EPS of $1.33, above the $1.28 consensus estimate, while revenue of $676.04 million exceeded expectations of $667.30 million and increased 5.8% year over year. EPS also rose from $1.13 in the prior-year quarter. RingCentral third-quarter earnings report
• Positive Sentiment: The company raised fourth-quarter guidance to EPS of $1.32–$1.37, well above the $1.24 consensus, and revenue of $673 million–$680 million versus expectations of $672.6 million. RingCentral fourth-quarter guidance
• Positive Sentiment: Full-year 2026 EPS guidance increased to $5.07–$5.12, compared with the $4.61 consensus, while revenue guidance of approximately $2.7 billion topped the $2.6 billion estimate. RingCentral raises 2026 outlook
• Positive Sentiment: Coverage highlighted improving cash flow, margin expansion and stronger monetization of RingCentral’s AI offerings, supporting the case for better operating leverage. RingCentral Q3 2026 AI monetization
• Positive Sentiment: Analysts raised their price targets: Morgan Stanley increased its target to $91 while maintaining an “equal weight” rating, and Needham raised its target to $110 with a “buy” rating. Analyst price-target changes
• Neutral Sentiment: RingCentral announced a quarterly dividend of $0.125 per share, equivalent to a $0.50 annualized payout and a modest 0.5% yield. RingCentral dividend and partnership news
• Negative Sentiment: Levi & Korsinsky announced an investigation into possible breaches of fiduciary duties by certain RingCentral officers and directors, creating a legal and governance overhang. RingCentral shareholder investigation

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.