RingCentral (RNG) Stock Overview
An agentic voice AI–powered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
RNG Community Fair Values
Create NarrativeSee what 23 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
RingCentral, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$43.54 |
| 52 Week High | US$48.57 |
| 52 Week Low | US$23.59 |
| Beta | 1.13 |
| 1 Month Change | 6.45% |
| 3 Month Change | 23.73% |
| 1 Year Change | 67.91% |
| 3 Year Change | 25.19% |
| 5 Year Change | -83.41% |
| Change since IPO | 139.23% |
Recent News & Updates
Narrative Update • May 21
RNG: AI Adoption And Free Cash Flow May Offset Future Pricing Pressure
RingCentral's analyst price target has shifted higher from about $37.47 to $45.40. Analysts point to updated assumptions around revenue growth, profit margins, future P/E and recent research highlighting solid Q4 results, growing AI adoption and free cash flow trends as key supports for the change.Seeking Alpha • May 11
RingCentral: Applied AI Products Are Taking Off
Summary RingCentral is capitalizing on AI-driven contact center solutions, shifting its narrative from legacy provider to applied AI leader. RNG’s new AI products are driving strong attach rates and accelerating growth, with Q1 revenue up 5.2% y/y and margin expansion. Recent partnerships with Cox Business and Spectrum Business, plus robust R&D, are expanding RNG’s TAM to $150 billion and fueling product innovation. At <10x FY26 FCF, RNG remains a bargain despite competitive risks; I reiterate a buy rating and see further upside as AI tailwinds strengthen. Read the full article on Seeking AlphaRecent updates
Narrative Update • May 21
RNG: AI Adoption And Free Cash Flow May Offset Future Pricing Pressure
RingCentral's analyst price target has shifted higher from about $37.47 to $45.40. Analysts point to updated assumptions around revenue growth, profit margins, future P/E and recent research highlighting solid Q4 results, growing AI adoption and free cash flow trends as key supports for the change.Seeking Alpha • May 11
RingCentral: Applied AI Products Are Taking Off
Summary RingCentral is capitalizing on AI-driven contact center solutions, shifting its narrative from legacy provider to applied AI leader. RNG’s new AI products are driving strong attach rates and accelerating growth, with Q1 revenue up 5.2% y/y and margin expansion. Recent partnerships with Cox Business and Spectrum Business, plus robust R&D, are expanding RNG’s TAM to $150 billion and fueling product innovation. At <10x FY26 FCF, RNG remains a bargain despite competitive risks; I reiterate a buy rating and see further upside as AI tailwinds strengthen. Read the full article on Seeking AlphaNarrative Update • May 03
RNG: Future Enterprise Pricing Pressure Will Outweigh AI And Cash Flow Benefits
RingCentral's analyst price targets have moved higher into a roughly $32 to $38 range, as analysts point to solid Q4 results, steady revenue trends, and improving free cash flow, while also highlighting future pricing pressure in Enterprise. Analyst Commentary Recent Street research on RingCentral clusters around a more constructive view of the company’s execution, tempered by concerns about future pricing and the quality of growth.Narrative Update • Apr 19
RNG: AI Traction And Free Cash Flow Will Offset Future Pricing Risk
Narrative update on RingCentral Analysts have nudged the blended price target for RingCentral higher by about $1.77 to roughly $37.47. This reflects updated models after what they describe as solid Q4 results, improving free cash flow and growing traction in AI enabled products, even as some flag future Enterprise pricing pressure.
Narrative Update • Apr 04
RNG: 2026 Enterprise Pricing Pressure Will Likely Restrain AI Optimism
Analysts have nudged RingCentral's average price target higher by about $5 to the mid $30s, citing solid Q4 results, improving free cash flow and growing adoption of its AI enabled multi product platform as key supports for the updated view. Analyst Commentary Recent research updates point to a mixed backdrop for RingCentral, with several firms lifting price targets after what they describe as solid Q4 results and steady progress on free cash flow and AI driven products.Narrative Update • Mar 21
RNG: Enterprise Pricing Pressure In 2026 Will Likely Cap Upside Potential
The analyst price target for RingCentral has been raised by $2 to $29, reflecting models that now assume slightly higher revenue growth and a lower future P/E. This is supported by recent Q4 reports that analysts describe as solid, with improving free cash flow and growing traction in AI driven products.Narrative Update • Mar 09
RNG: Future Pricing Pressure And AI Execution Risk Will Limit Upside
Analysts have nudged their average price target for RingCentral higher to about $35.70 from roughly $33.24. They point to recent Q4 results, improving free cash flow, and an updated earnings profile with higher profit margin assumptions and a lower future P/E as key supports for the shift.
Narrative Update • Mar 05
RNG: AI Platform And Free Cash Flow Will Support Future Upside
Narrative Update Our updated narrative reflects a higher analyst price target for RingCentral, rising by $3.46, as analysts point to solid Q4 results, improving free cash flow, and growing traction in multi-product and AI-powered offerings, while still flagging future pricing pressure and revenue growth that remains in the mid-single digits. Analyst Commentary Recent Street research around RingCentral centers on a cluster of higher price targets following Q4 results, with most firms maintaining Neutral or positive ratings while highlighting both execution on cash generation and ongoing questions about pricing and growth beyond the near term.Narrative Update • Feb 19
RNG: AI Voice Partnership Will Support Future Profitability Despite Minor Model Revisions
Analysts have trimmed their average $ fair value estimate for RingCentral by about $0, keeping it close to $42 while modestly adjusting assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect the latest research, including a $1 price target cut cited in recent Street commentary. Analyst Commentary Bullish analysts are treating the recent $1 trim to the headline price target as a fine tuning of models rather than a shift in their broader view, keeping fair value expectations clustered around the current US$42 estimate.Narrative Update • Feb 05
RNG: AI Communications Partnership And Buybacks Will Support Future Profitability
The latest analyst update trims the RingCentral price target by about US$1, as modest changes in the modeled discount rate, revenue growth, profit margin, and future P/E assumptions lead analysts to fine-tune their fair value estimates. Analyst Commentary Recent commentary points to a relatively measured adjustment, with the US$1 trim in the price target framed more as a technical tweak rather than a major shift in conviction on the stock.Narrative Update • Jan 22
RNG: AI Customer Engagement Suite And Buybacks Will Support Future Profitability
Analysts now see RingCentral's fair value edging to about $42.32 per share from roughly $41.94, reflecting updated views on revenue growth, margins, discount rates and future P/E after recent research that included a $1 price target reduction at Morgan Stanley. Analyst Commentary Recent commentary circles around how RingCentral can justify its current fair value estimate near $42.32 per share, especially after the modest $1 trim to a major firm’s price target.Narrative Update • Jan 08
RNG: AI Customer Engagement Expansion Will Support Future Profitability Momentum
Analysts have adjusted their price targets on RingCentral, citing updated assumptions around revenue growth, profit margin, discount rate and a higher future P/E multiple. These changes collectively translate into a refreshed valuation view expressed in US$ terms, even though the core fair value estimate remains at US$41.94.Narrative Update • Dec 15
RNG PBX Migration Tailwind Will Support AI And Profitability Momentum
Analysts have trimmed their price target on RingCentral to approximately $42 from about $47. This reflects more conservative assumptions for revenue growth and valuation multiples, even as they acknowledge a stabilizing competitive backdrop and improving profitability.Analysis Article • Jul 30
There's No Escaping RingCentral, Inc.'s (NYSE:RNG) Muted Revenues
RingCentral, Inc.'s ( NYSE:RNG ) price-to-sales (or "P/S") ratio of 1x might make it look like a strong buy right now...
New Narrative • Apr 30
AI-Powered RingCX And Market Expansion Will Create Future Opportunities
RingCentral's AI-powered solutions and market expansion are driving significant revenue growth and capturing market share.Seeking Alpha • Mar 20
RingCentral Benefits As AI Technologies Get Less Expensive
Summary RingCentral's positive GAAP operating earnings and pre-tax earnings in 4Q 2024 mark a significant milestone, driven by cost optimization and AI tool development. The company is expanding its AI-enabled product suite, enhancing features like call transcriptions, IVA, and CRM integration, benefiting from decreasing AI technology costs. Management expects ARR from new services to double by end-2025, with international expansion and strong UCaaS market position driving future growth. We rate RingCentral stock as a BUY at $68 per share, based on a 2025 EBITDA outlook and a target EV/EBITDA multiple of 22x. Read the full article on Seeking AlphaSeeking Alpha • Jan 20
RNG: Expect Good Returns With Downside Protection
Summary RingCentral faces strong competition from Microsoft Teams but is able to differentiate through their more complete call center capabilities. Comparing RingCentral to 8x8, the former shows better operational metrics. The market is assigning a negative growth rate for RingCentral's future. I predict positive growth that will expand RingCentral's multiples and produce strong returns. Read the full article on Seeking AlphaSeeking Alpha • Jan 07
RingCentral: Stock Poised To Outperform In 2025
Summary RingCentral's recent 17% stock correction to $35 presents a buying opportunity, given its undervaluation and strong expected revenue/earnings growth. The company offers comprehensive cloud communication solutions, including AI-powered contact centers and video meeting services, enhancing business communication and customer engagement. RingCentral's improved gross margin and reduced expenses indicate a likely path to profitability in 2025. RingCentral's strong growth, new profitability, and bargain valuation could drive the stock to outperform in 2025. Read the full article on Seeking AlphaSeeking Alpha • Nov 19
RingCentral: Under The Radar Pick -- Reiterating Buy
Summary We're putting RingCentral, Inc. on investors' radar for next year. We think RingCentral’s UCaaS platform with AI integration enhances its positioning to boost its total ARR growth in FY25. We also think management is executing strategically to boost its profitability and support further Free Cash Flow expansion. Our positive outlook on RingCentral for next year is based on our belief that its customer base (mid-market and enterprise) will see more comfortable spend as the economy recovers. Read the full article on Seeking AlphaAnalysis Article • Nov 08
RingCentral, Inc. (NYSE:RNG) Surges 30% Yet Its Low P/S Is No Reason For Excitement
RingCentral, Inc. ( NYSE:RNG ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...Seeking Alpha • Sep 02
RingCentral: Expect Continued Margin Expansion, Steady Debt Reduction
Summary Shares have remained range bound over the past year despite solid growth and substantial margin improvements in the business. Expected FCF generation from the business should support continued deleveraging of the company's balance sheet. The recent launched AI-based products should drive support further revenue growth and margin improvements. At an EV/FCF multiple of 10.7, the valuation does not appear compelling. Read the full article on Seeking AlphaAnalysis Article • Aug 04
There's No Escaping RingCentral, Inc.'s (NYSE:RNG) Muted Revenues Despite A 26% Share Price Rise
RingCentral, Inc. ( NYSE:RNG ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...Shareholder Returns
| RNG | US Software | US Market | |
|---|---|---|---|
| 7D | 7.0% | 0.3% | 1.1% |
| 1Y | 67.9% | -6.6% | 28.7% |
Return vs Industry: RNG exceeded the US Software industry which returned -6.6% over the past year.
Return vs Market: RNG exceeded the US Market which returned 28.7% over the past year.
Price Volatility
| RNG volatility | |
|---|---|
| RNG Average Weekly Movement | 9.0% |
| Software Industry Average Movement | 9.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: RNG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RNG's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 7,378 | Vlad Shmunis | www.ringcentral.com |
RingCentral, Inc., an agentic voice AI–powered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. The company’s products include RingEX, a AI-powered unified communications as a service platform for collaboration across voice, messaging, and video; RingCentral Contact Center, a contact center solution that delivers AI-powered omni-channel and workforce engagement solutions; RingCentral Customer Engagement Bundle, a comprehensive solution that includes phone, messaging, and SMS for businesses; and RingCX, a contact center as a service solution for AI-powered customer engagement with CRM integrations. It also offers artificial intelligence (AI) solutions, such as AI Receptionist, a voice AI agent that automates and handles inbound communication; AI Virtual Assistant, which provides real time call and meeting summaries, capturing key points, open questions and action items; AI-based Quality Management, an automated conversation evaluation platform to identify compliance risks, coaching opportunities, and performance insights; AI Agent Assist, a real-time AI guidance for agents; AI Supervisor Assist, a real-time AI insights and recommendations for supervisors; and RingCentral Events, a virtual and hybrid events platform for multi-session conferences, branded experiences, registration, and attendee networking with AI-powered engagement tools.
RingCentral, Inc. Fundamentals Summary
| RNG fundamental statistics | |
|---|---|
| Market cap | US$3.65b |
| Earnings (TTM) | US$84.34m |
| Revenue (TTM) | US$2.55b |
43.3x
P/E Ratio1.4x
P/S RatioIs RNG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RNG income statement (TTM) | |
|---|---|
| Revenue | US$2.55b |
| Cost of Revenue | US$723.22m |
| Gross Profit | US$1.82b |
| Other Expenses | US$1.74b |
| Earnings | US$84.34m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.01 |
| Gross Margin | 71.61% |
| Net Profit Margin | 3.31% |
| Debt/Equity Ratio | -294.3% |
How did RNG perform over the long term?
See historical performance and comparisonDividends
0.7%
Current Dividend Yield8%
Payout RatioDoes RNG pay a reliable dividends?
See RNG dividend history and benchmarks| RingCentral dividend dates | |
|---|---|
| Ex Dividend Date | Jun 02 2026 |
| Dividend Pay Date | Jun 11 2026 |
| Days until Ex dividend | 7 days |
| Days until Dividend pay date | 16 days |
Does RNG pay a reliable dividends?
See RNG dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 14:55 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
RingCentral, Inc. is covered by 34 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Power | Baird |
| Michael Funk | BofA Global Research |
| Matthew VanVliet | BTIG |