Wells Fargo & Company Issues Positive Forecast for RingCentral (NYSE:RNG) Stock Price

RingCentral (NYSE:RNG) had its target price increased by equities research analysts at Wells Fargo & Company from $65.00 to $85.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 1.12% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Mizuho set a $85.00 price target on RingCentral in a research note on Friday. Morgan Stanley upped their target price on RingCentral from $41.00 to $91.00 and gave the company an “equal weight” rating in a research report on Friday. Evercore set a $90.00 target price on RingCentral in a report on Friday. Oppenheimer restated an “outperform” rating and set a $110.00 price target on shares of RingCentral in a report on Friday. Finally, Jefferies Financial Group restated a “hold” rating and set a $75.00 price target on shares of RingCentral in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, RingCentral has an average rating of “Hold” and an average price target of $88.42.

RingCentral Stock Up 8.2%

Shares of NYSE RNG traded up $6.55 during midday trading on Friday, hitting $85.97. 1,829,447 shares of the company’s stock were exchanged, compared to its average volume of 1,983,990. The firm has a market capitalization of $7.18 billion, a PE ratio of 68.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. RingCentral has a 12 month low of $24.14 and a 12 month high of $98.14. The company’s 50 day moving average price is $73.63 and its 200 day moving average price is $54.03.

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

Insider Activity at RingCentral

In other RingCentral news, Director Amy Shenkan sold 1,264 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $78.89, for a total value of $99,716.96. Following the transaction, the director owned 28,108 shares in the company, valued at approximately $2,217,440.12. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tarun Arora sold 4,172 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $70.36, for a total transaction of $293,541.92. Following the transaction, the chief accounting officer directly owned 65,692 shares of the company’s stock, valued at approximately $4,622,089.12. This trade represents a 5.97% 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 sold a total of 84,625 shares of company stock worth $6,024,953 over the last ninety days. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. WealthCollab LLC increased its holdings in RingCentral by 59.7% during the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock valued at $26,000 after purchasing an additional 259 shares during the period. Fortitude Family Office LLC lifted its holdings in RingCentral by 128.1% in the 3rd quarter. Fortitude Family Office LLC now owns 349 shares of the software maker’s stock worth $26,000 after buying an additional 196 shares during the period. Meeder Asset Management Inc. lifted its holdings in RingCentral by 127.3% in the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock worth $27,000 after buying an additional 410 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of RingCentral by 70.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock worth $30,000 after buying an additional 424 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its position in shares of RingCentral by 119.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 546 shares of the software maker’s stock worth $41,000 after buying an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.