Oppenheimer Raises RingCentral (RNG) Price Target to $110
Key Points
- Oppenheimer maintained its Outperform rating on RingCentral, Inc. on October 23, 2026, and lifted its price target to $110.00 from $85.00.
- Oppenheimer's $110 price target implies 38.50% upside from RingCentral, Inc.'s ($RNG) current $79.42 share price.
- RingCentral reported trailing twelve-month revenue of $2.58 billion alongside trailing earnings of $1.25 per share.
- Several other Wall Street firms adjusted their price targets for the cloud communication services provider on the same day.
Get RingCentral text alerts
We text you when insiders, Congress, analysts or big funds move on $RNG.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated RingCentral, Inc. alert may contain errors. Disclosures
On October 23, 2026, Oppenheimer maintained its Outperform rating on RingCentral, Inc. (NYSE: RNG) while adjusting its price target on the cloud communication software provider.
RNG
RingCentral, Inc.
Oppenheimer vs. the S&P 500
Hypothetical returns from Oppenheimer's disclosed trades, not real profit or advice. How we model this.
Oppenheimer's Call on RingCentral
In its research note on October 23, 2026, Oppenheimer kept an Outperform rating on RingCentral shares and raised its price target from $85.00 to $110.00.
Other Institutional Activity in RingCentral
Large funds continue to adjust their holdings in the software provider. Ameriprise Financial, Inc. reduced its holdings by 485,443 shares, ending with 5,120,134 shares worth about $438.0 million. LSV Asset Management grew its holdings by 724,628 shares, ending with 3,977,000 shares worth about $340.2 million. First Trust Advisors LP grew its holdings by 766,867 shares, ending with 2,346,082 shares worth about $200.7 million. Quantinno Capital Management, LP grew its holdings by 261,370 shares, ending with 2,238,449 shares worth about $191.5 million. Alyeska Investment Group, L.p. grew its holdings by 590,280 shares, ending with 2,048,841 shares worth about $175.3 million.
RingCentral, Inc. Stock Down 3.6%
RingCentral shares closed at $85.55 on October 23, 2026, and recently traded around $79.42.
$RNG price target
RingCentral, Inc. daily closes and this analyst's $110 target. Not advice.
Recent Earnings
RingCentral reported trailing twelve-month revenue of $2.58 billion and earnings of $1.25 per share. The company posted a net profit margin of 4.3% and year-over-year revenue growth of 5.9%. The next earnings report is scheduled for February 18, 2027.
Dividend
RingCentral pays an annual dividend of $0.28 per share, which represents a dividend yield of 0.35% and a payout ratio of 12.0%.
Insider Buying and Selling at RingCentral, Inc.
Company insiders executed several transactions prior to the rating update. Chief Executive Officer Vladimir G Shmunis sold 26,721 shares on September 3, 2026, valued at about $2.0 million. Officer Tarun Arora sold 4,172 shares on September 9, 2026, worth about $293,550. President Kira Makagon sold 36,185 shares at an average price of $70.11 on September 14, 2026, totaling about $2.5 million. Director Amy Guggenheim Shenkan sold 1,264 shares at an average price of $78.88 on October 2, 2026, worth about $99,711.
Analysts Set New Price Targets
Multiple firms updated their views on October 23, 2026. Piper Sandler maintained a Neutral rating and lifted its target to $94.00 from $43.00. Evercore ISI Group maintained an In-Line rating and raised its target to $90.00 from $38.00. Wells Fargo maintained an Equal-Weight rating and raised its target to $85.00 from $65.00. Morgan Stanley maintained an Equal-Weight rating and lifted its target to $91.00 from $41.00. Overall, the stock carries a consensus buy recommendation from 14 analysts with a mean price target of $76.79.
About RingCentral
RingCentral, Inc. provides cloud-based business communication services powered by agentic voice AI technology. Its integrated platform covers business phone systems, SMS messaging, contact center solutions, workforce engagement management, and video collaboration tools for enterprise customers.
Bottom Line
Investors will look ahead to RingCentral's next earnings report on February 18, 2027, for further insight into the software provider's growth trajectory.
Related Filing Alerts
Source: Oppenheimer's rating change on $RNG (Oct 23, 2026). Written by software, not financial advice. How we make alerts