RingCentral (NYSE:RNG) Price Target Raised to $40.00 at Mizuho

RingCentral (NYSE:RNG) had its price target hoisted by analysts at Mizuho from $38.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. Mizuho’s price objective would indicate a potential downside of 19.46% from the stock’s previous close.

A number of other research firms have also recently commented on RNG. Jefferies Financial Group reiterated a “hold” rating and set a $40.00 price objective on shares of RingCentral in a research report on Saturday, May 9th. Piper Sandler boosted their price target on RingCentral from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Needham & Company LLC reissued a “buy” rating on shares of RingCentral in a report on Monday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $50.00 target price on shares of RingCentral in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.40.

RingCentral Trading Up 28.6%

RNG stock traded up $11.05 on Friday, hitting $49.67. The company had a trading volume of 6,494,946 shares, compared to its average volume of 2,099,212. RingCentral has a 12-month low of $23.59 and a 12-month high of $49.85. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 53.01, a P/E/G ratio of 1.11 and a beta of 1.14. The stock’s 50-day simple moving average is $40.27 and its 200 day simple moving average is $36.70.

RingCentral (NYSE:RNG) last announced its earnings results on Thursday, July 23rd. The software maker reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $657.01 million during the quarter, compared to analyst estimates of $650.53 million. RingCentral had a net margin of 3.31% and a negative return on equity of 33.75%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Research analysts forecast that RingCentral will post 2.78 earnings per share for the current year.

Insider Activity at RingCentral

In other RingCentral news, Director Amy Guggenheim Shenkan sold 1,265 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $40.59, for a total transaction of $51,346.35. Following the sale, the director owned 29,372 shares in the company, valued at approximately $1,192,209.48. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tarun Arora sold 3,615 shares of RingCentral stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $43.00, for a total transaction of $155,445.00. Following the transaction, the chief accounting officer directly owned 68,100 shares in the company, valued at $2,928,300. This represents a 5.04% decrease in their position. The SEC filing for this sale provides additional information. 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 a total of 44,498 shares of company stock worth $1,892,586 in the last quarter. 7.30% of the stock is currently owned by insiders.

Institutional Trading of RingCentral

Several institutional investors and hedge funds have recently modified their holdings of RNG. Alyeska Investment Group L.P. bought a new position in RingCentral in the 3rd quarter worth $53,365,000. LSV Asset Management lifted its position in shares of RingCentral by 142.4% in the fourth quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock valued at $82,935,000 after acquiring an additional 1,686,900 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of RingCentral by 150.4% in the first quarter. Quantinno Capital Management LP now owns 1,976,995 shares of the software maker’s stock valued at $73,524,000 after acquiring an additional 1,187,437 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of RingCentral by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock worth $57,874,000 after acquiring an additional 523,966 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of RingCentral by 138.6% in the third quarter. Russell Investments Group Ltd. now owns 811,747 shares of the software maker’s stock worth $23,113,000 after acquiring an additional 471,559 shares during the period. 98.61% of the stock is currently owned by institutional investors.

Key Stories Impacting RingCentral

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral beat Q2 expectations across key metrics, reporting adjusted EPS of $1.22 versus estimates near $1.16-$1.17 and revenue of $657.0 million versus expectations of about $650.5 million. RingCentral Announces Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its outlook, guiding Q3 EPS to $1.25-$1.30 versus consensus around $1.14 and FY 2026 EPS to $4.96-$5.10 versus estimates near $4.50. RingCentral Announces Second Quarter 2026 Financial Results
• Positive Sentiment: RingCentral announced expanded strategic collaborations with NiCE and OpenAI, reinforcing its AI-focused growth narrative and potential for more product demand. NiCE and RingCentral Expand Strategic Partnership RingCentral and OpenAI Collaborate
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and kept a $50 price target, implying modest upside from recent levels. RingCentral Stock is Jumping Today: What’s Going On?
• Neutral Sentiment: Unusual options activity showed heavier call buying, which may reflect bullish speculation but does not by itself confirm a fundamental change. RingCentral Stock is Jumping Today: What’s Going On?
• Positive Sentiment: The board also approved a higher quarterly dividend, lifting the payout to $0.125 per share from $0.07, a sign of improving capital returns. RingCentral Announces Second Quarter 2026 Financial Results

About RingCentral

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.