RingCentral (NYSE:RNG) Price Target Raised to $50.00 at Rosenblatt Securities

RingCentral (NYSE:RNG) had its price objective increased by Rosenblatt Securities from $45.00 to $50.00 in a research report sent to investors on Friday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the software maker’s stock.

Several other brokerages also recently weighed in on RNG. Oppenheimer reissued an “outperform” rating on shares of RingCentral in a research report on Friday, February 20th. Zacks Research raised shares of RingCentral from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Needham & Company LLC raised their price target on shares of RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Piper Sandler raised their price target on shares of RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings raised shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.20.

RingCentral Stock Performance

Shares of NYSE RNG opened at $45.73 on Friday. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 48.64, a P/E/G ratio of 1.74 and a beta of 1.13. The company has a 50 day simple moving average of $38.76 and a two-hundred day simple moving average of $32.17. RingCentral has a fifty-two week low of $23.59 and a fifty-two week high of $48.57.

RingCentral (NYSE:RNG) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $644.20 million during the quarter, compared to the consensus estimate of $642.73 million. RingCentral had a net margin of 3.31% and a negative return on equity of 34.90%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 earnings per share. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. On average, analysts forecast that RingCentral will post 2.68 earnings per share for the current fiscal year.

RingCentral Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. RingCentral’s payout ratio is 62.50%.

Insider Activity at RingCentral

In other RingCentral news, CAO Tarun Arora sold 953 shares of RingCentral stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $43.00, for a total value of $40,979.00. Following the completion of the sale, the chief accounting officer owned 74,539 shares of the company’s stock, valued at approximately $3,205,177. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Shmunis sold 95,831 shares of RingCentral stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $35.59, for a total transaction of $3,410,625.29. Following the completion of the sale, the chief executive officer directly owned 126,685 shares of the company’s stock, valued at approximately $4,508,719.15. This trade represents a 43.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 259,854 shares of company stock worth $9,312,708. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On RingCentral

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its position in RingCentral by 98.5% in the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock worth $26,000 after purchasing an additional 447 shares during the period. Meeder Asset Management Inc. grew its position 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 purchasing an additional 410 shares during the period. EverSource Wealth Advisors LLC grew its position in RingCentral by 269.3% in the 4th 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. grew its position in 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 purchasing an additional 424 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in RingCentral in the 3rd quarter worth approximately $30,000. 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 Q1 earnings of $1.20 per share, above estimates, with revenue of about $644 million also slightly ahead of expectations. Management said subscription revenue rose about 6% year over year, helped by AI product adoption and expanding margins. RingCentral Announces First Quarter 2026 Financial Results
• Positive Sentiment: The company lifted its full-year 2026 guidance, with EPS now expected above prior consensus and Q2 guidance also coming in above estimates. That stronger outlook suggests improving profitability and execution. RingCentral Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Analysts turned more constructive after the report, with Rosenblatt raising its price target to $50 and Wells Fargo lifting its target to $43, reflecting improved expectations around the business. Analyst price target updates
• Positive Sentiment: RingCentral also highlighted new AI-focused product momentum, including “Always-On AI” and recognition as a top provider for AI-powered CCaaS and workforce engagement management, which may support the long-term growth narrative. RingCentral Brings Always-On AI to the Front Lines of Customer Engagement
• Neutral Sentiment: The company announced a quarterly dividend of $0.075 per share, but the yield is modest and the payout is unlikely to be a major driver of the stock. RingCentral stock information

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.