RingCentral (NYSE:RNG) Stock Price Expected to Rise, Mizuho Analyst Says

RingCentral (NYSE:RNG) had its target price boosted by equities researchers at Mizuho from $38.00 to $40.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. Mizuho’s target price points to a potential downside of 17.23% from the company’s current price.

RNG has been the topic of several other research reports. Piper Sandler boosted their price target on RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday. Rosenblatt Securities restated a “buy” rating and set a $50.00 price objective on shares of RingCentral in a research note on Friday. Robert W. Baird set a $45.00 price objective on RingCentral in a report on Friday, May 8th. Jefferies Financial Group restated a “hold” rating and set a $40.00 price objective on shares of RingCentral in a report on Saturday, May 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of RingCentral in a research report on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $44.40.

RingCentral Price Performance

Shares of RNG stock opened at $48.33 on Friday. RingCentral has a 12 month low of $23.59 and a 12 month high of $50.14. The firm has a market capitalization of $4.05 billion, a P/E ratio of 38.66, a P/E/G ratio of 1.42 and a beta of 1.14. The company’s fifty day moving average price is $40.41 and its two-hundred day moving average price is $36.78.

RingCentral (NYSE:RNG) last posted its quarterly earnings data 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 company had revenue of $657.01 million during the quarter, compared to analysts’ expectations of $650.53 million. RingCentral had a net margin of 4.27% and a negative return on equity of 34.98%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, sell-side analysts anticipate that RingCentral will post 2.78 EPS for the current year.

Insiders Place Their Bets

In related news, Director Robert I. Theis sold 2,530 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $40.28, for a total value of $101,908.40. Following the completion of the sale, the director directly owned 30,834 shares of the company’s stock, valued at $1,241,993.52. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kira Makagon sold 16,988 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $42.54, for a total value of $722,669.52. Following the sale, the chief operating officer owned 212,724 shares in the company, valued at $9,049,278.96. The trade was a 7.40% decrease in their position. 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. In the last ninety days, insiders sold 44,498 shares of company stock valued at $1,892,586. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On RingCentral

Several institutional investors and hedge funds have recently made changes to their positions in RNG. WealthCollab LLC boosted its holdings in RingCentral by 59.7% in the first quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock worth $26,000 after purchasing an additional 259 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of RingCentral by 127.3% during the first quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock worth $27,000 after purchasing an additional 410 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of RingCentral by 269.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after purchasing an additional 738 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of RingCentral by 70.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock worth $30,000 after purchasing an additional 424 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of RingCentral in the 3rd quarter worth about $30,000. 98.61% of the stock is owned by institutional investors and hedge funds.

RingCentral News Summary

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported Q2 EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected, showing a solid beat on both the top and bottom lines. RingCentral Q2 Earnings Report
• Positive Sentiment: The company raised Q3 2026 guidance to EPS of $1.25-$1.30 and revenue of $664 million-$670 million, both above consensus, and lifted FY 2026 EPS guidance to $4.96-$5.10. RingCentral Financial Results
• Positive Sentiment: Management and recent commentary point to stronger subscription growth, higher margins, and expanding AI adoption, which are supporting the improved growth outlook. Zacks Q2 Earnings Article
• Positive Sentiment: RingCentral also announced a 66.7% increase in its quarterly dividend to $0.125 per share, signaling confidence in cash generation and capital returns. Insider Monkey Article
• Neutral Sentiment: Mizuho raised its price target to $40 but kept a neutral rating, which is below the current trading level and suggests some caution on valuation. Mizuho Price Target Update
• Neutral Sentiment: Rosenblatt reaffirmed a buy rating with a $50 target, broadly reinforcing the positive post-earnings sentiment. Rosenblatt Rating Update

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.