RingCentral surges after 'dialing up' revenue acceleration: analysts

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 (RNG) shares rose 18% after Q3 earnings beat estimates, with AI products reaching $400M annual recurring revenue. Revenue grew 5.9% to $676M, and the company raised its full-year outlook. AI products now account for 15% of total revenue, with strong customer retention. The company also reduced debt and announced expanded partnerships.

Needham raised its price target on RingCentral (RNG) to $110 from $85, citing strong AI product adoption. The stock is up 174% over the past year. Q3 2026 earnings beat estimates, with subscription revenue growing 6.0% YoY. Multiple analysts revised earnings upwards and adjusted price targets.

Rosenblatt raised its price target on RingCentral (RNG) to $105 from $80, citing strong quarterly results and AI growth. The stock is up 176% YTD, with revenue exceeding guidance and AI products growing rapidly. Analysts highlight strong margins, cash flow, and upward earnings revisions. The company also raised its fiscal 2026 revenue guidance.