Elon Musk's Plans Send This Stock Past Buy Point

RingCentral (RNG) shares rose 5% after raising its full-year free cash flow forecast. Q3 revenue grew 5.9% to $676M, with AI products contributing 15% of ARR. Adjusted earnings rose 18% to $1.33 per share, and free cash flow increased 21% to $157M. The company expects full-year revenue over $2.65B and free cash flow of $625M.

Piper Sandler kept a Neutral rating on RingCentral (RNG) with a $94 price target, an 18.4% upside from its Oct 22 close. The firm cited 6.4% ARR growth to $2.8B, exceeding expectations, but maintained caution due to market volatility and competition.

FBN Securities raised RingCentral's (RNG) price target to $105 from $60, citing strong AI growth and Q3 2026 results. RNG's AI ARR exceeded $400M, up 100% YoY, and next-gen operating margin hit 24.7%. The company raised fiscal 2026 revenue guidance but noted concerns like higher share count. Analysts revised earnings estimates upward, with RNG trading near fair value at ~$90.40 post-earnings. RNG's stock is up 188% YTD.

RingCentral (RNG) shares rose 7% after Q3 results beat estimates, with revenue up 5.9% to $676M. Paid AI adoption doubled, contributing 15% of total revenue. The company raised its full-year outlook, and analysts increased price targets. The stock trades below its 5-year average forward P/E.

RingCentral (RNG) shares rose 6.4% after Q3 2026 results and raised full-year guidance. The company projects revenue between $2.65B-$2.66B, non-GAAP EPS $5.07-$5.12, and free cash flow $620M-$630M. The stock is up 209% YTD, reaching a new 52-week high at $85.24.

RingCentral shares rose 7% after Q3 results showed faster subscription growth and AI adoption. Analysts raised price targets following the report, according to financial analysts.