RingCentral (NYSE:RNG) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

Posted by Francis Steltz on Sep 4th, 2026

Royal Bank Of Canada upgraded shares of RingCentral (NYSE:RNG – Free Report) to a moderate buy rating in a research note issued to investors on Thursday, MarketBeat.com reports.

Other equities research analysts also recently issued reports about the company. Rosenblatt Securities reiterated a “buy” rating and issued a $50.00 target price on shares of RingCentral in a research report on Friday, July 24th. Robert W. Baird set a $45.00 price target on RingCentral in a report on Friday, May 8th. Wells Fargo & Company lifted their price objective on RingCentral from $43.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 25th. Piper Sandler upped their price objective on RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Needham & Company LLC increased their target price on RingCentral from $55.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.00.

Read Our Latest Research Report on RingCentral

RingCentral Price Performance

RNG stock opened at $76.40 on Thursday. RingCentral has a 1-year low of $24.14 and a 1-year high of $77.95. The business has a 50 day simple moving average of $54.16 and a two-hundred day simple moving average of $44.33. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 61.12, a PEG ratio of 1.25 and a beta of 1.14.

RingCentral (NYSE:RNG – Get Free Report) last released its earnings results on Thursday, July 23rd. The software maker reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The firm had revenue of $657.01 million for the quarter, compared to the consensus estimate of $650.53 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Sell-side analysts anticipate that RingCentral will post 2.89 EPS for the current fiscal year.

RingCentral Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This is an increase from RingCentral’s previous quarterly dividend of $0.07. This represents a $0.50 annualized dividend and a yield of 0.7%. RingCentral’s payout ratio is 40.00%.

Insider Buying and Selling at RingCentral

In other news, CEO Vladimir Shmunis sold 15,556 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $71.78, for a total transaction of $1,116,609.68. Following the transaction, the chief executive officer owned 190,271 shares of the company’s stock, valued at approximately $13,657,652.38. This represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, Director Robert Theis sold 2,530 shares of the stock in a transaction that occurred on 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 owned 30,834 shares in the company, valued at approximately $1,241,993.52. The trade was a 7.58% 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. Over the last ninety days, insiders have sold 46,799 shares of company stock valued at $3,248,018. 7.30% of the stock is owned by company insiders.

Institutional Trading of RingCentral

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in shares of RingCentral by 9.0% during the first quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock valued at $283,000 after purchasing an additional 940 shares during the period. Woodline Partners LP increased its stake in RingCentral by 14.8% in the 1st quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock worth $3,949,000 after buying an additional 20,518 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in RingCentral by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker’s stock worth $6,467,000 after buying an additional 5,398 shares during the period. Creative Planning bought a new stake in RingCentral during the 2nd quarter valued at about $274,000. Finally, Invesco Ltd. lifted its holdings in RingCentral by 10.8% during the 2nd quarter. Invesco Ltd. now owns 137,935 shares of the software maker’s stock valued at $3,910,000 after buying an additional 13,446 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Key Headlines Impacting RingCentral

Here are the key news stories impacting RingCentral this week:

Positive Sentiment: RBC’s bullish initiation and subsequent upgrade to “moderate buy” provide a fresh analyst catalyst. The firm’s view suggests RingCentral’s enterprise customer base, communications platform and recurring-revenue model could remain defensible as artificial intelligence reshapes the software industry. RingCentral Jumps After RBC Capital Initiates at Outperform
Positive Sentiment: The upgrade follows RingCentral’s recent earnings beat, including quarterly EPS of $1.22 versus a $1.16 consensus estimate and revenue of $657.0 million versus expectations of $650.5 million. Revenue increased 5.9% year over year, while full-year EPS guidance remains $4.96 to $5.10.
Positive Sentiment: Institutional ownership and recent buying may provide additional support. Institutional investors own approximately 98.6% of the shares, with California State Teachers’ Retirement System and Corient Private Wealth among investors that increased their positions during the second quarter.
Neutral Sentiment: CEO Vladimir Shmunis, CFO Vaibhav Agarwal and Chief Accounting Officer Tarun Arora collectively sold roughly $2.55 million of stock. Each transaction was executed under a pre-arranged Rule 10b5-1 plan to cover tax withholding related to vested equity awards, making the sales less indicative of deteriorating management confidence. RingCentral Insider Trading Alert
Negative Sentiment: Valuation and expectations remain risks. RingCentral trades near its 52-week high with a reported P/E ratio above 60, while the broader analyst consensus remains “Hold” with a price target of $56—well below the current trading level—leaving the stock vulnerable to profit-taking if future growth or guidance disappoints.

RingCentral Company Profile

(Get Free Report)

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.