Should I Buy RNG? RNG 2026 Analysis

Should You Buy RingCentral Inc (RNG) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

25.490

1 Day change

-5.56%

52 Week Range

35.930

Analysis Updated At

2026/01/26

RingCentral Inc (RNG) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company shows some positive financial growth in revenue and gross margin, the significant decline in net income and EPS, coupled with lackluster technical indicators, suggests limited upside potential in the short term. Additionally, no strong trading signals or recent positive news catalysts are present to justify immediate action.

Technical Analysis

The MACD is below 0 and negatively contracting, RSI is neutral at 41.54, and moving averages are converging, indicating no clear trend. The stock is trading near its support level (S1: 26.003), with resistance at 29.425. Overall, the technical indicators suggest a neutral to slightly bearish trend.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

Hedge funds have significantly increased their buying activity by 254.80% over the last quarter, and the stock has a 60% chance to gain 2.16% in the next week based on historical patterns.

Neutral/Negative Catalysts

Net income and EPS have dropped significantly YoY (-323.60% and -311.11%, respectively), indicating financial challenges. Enterprise headwinds are expected to persist through 2026, as noted by analysts. No recent news or congress trading data to support positive sentiment.

Financial Performance

In Q3 2025, revenue increased by 4.91% YoY to $638.66M, and gross margin improved to 71.76% (+1.93% YoY). However, net income dropped by -323.60% YoY to $17.56M, and EPS fell by -311.11% YoY to 0.19, reflecting significant profitability challenges.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Morgan Stanley raised the price target from $29 to $31 and maintained an Equal Weight rating. Analysts highlight positive momentum in platform extensions and SMB/GSP segments but note ongoing enterprise headwinds expected to persist through 2026.

9 Analyst Rating

Wall Street analysts forecast RNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RNG is 31.14 USD with a low forecast of 27 USD and a high forecast of 36 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

6 Hold

0 Sell

Moderate Buy

Current: 26.990

Low

Averages

31.14

High

Current: 26.990

Low

Averages

31.14

High

Morgan Stanley

Elizabeth Porter

Equal Weight

maintain

$29 -> $31

AI Analysis

2025-11-04

Reason

Morgan Stanley

Elizabeth Porter

Price Target

$29 -> $31

AI Analysis

2025-11-04

maintain

Equal Weight

Reason

Morgan Stanley analyst Elizabeth Porter raised the firm's price target on RingCentral to $31 from $29 and keeps an Equal Weight rating on the shares. Q3 results were in-line with Street expectations as positive momentum in platform extensions and within the SMB and GSP cohorts was balanced by continued pressure in Enterprise. Reacceleration remains further out given expectations for Enterprise headwinds to persist through 2026, the analyst tells investors in a post-earnings note.

Morgan Stanley

Equal Weight

initiated

$29

2025-10-21

Reason

Morgan Stanley

Price Target

$29

2025-10-21

initiated

Equal Weight

Reason

Morgan Stanley assumed coverage of RingCentral with an Equal Weight rating and $29 price target. Q3 checks were generally stable overall, though moderated relative to the sequential improvement seen in Q2, the analyst tells investors in a preview for the communication software group. While expectations across the group are low, the firm doesn't see potential upside in results meaningfully shifting investor perception, the analyst added.

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RNG Should I Buy

RNG Should I Buy

Should You Buy RingCentral Inc (RNG) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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