
RingCentral (RNG) Stock Forecast & Price Target
RingCentral (RNG) Analyst Ratings
Bulls say
RingCentral demonstrated robust financial performance in Q3, reporting total revenue of $639 million, reflecting a 5% year-over-year increase, alongside a 6% growth in subscription revenue to $616 million. The company's non-GAAP operating margin improved to 22.8%, up 180 basis points year-over-year, and non-GAAP EPS increased by 19% to $1.13, all surpassing consensus expectations. Additionally, strong adoption trends, highlighted by a near doubling of AIR customers and ongoing expansion into AI-led solutions, contributed to a $130 million free cash flow, indicating a solid foundation for profitable growth and effective capital allocation.
Bears say
RingCentral's financial outlook is negatively impacted by a decline in gross margin, which was reported at 77.6%, falling short of both internal and consensus expectations. Additionally, the company faces challenges related to delays in manufacturing and delivery, which could hinder its ability to fulfill customer demand. Furthermore, RingCentral's slower-than-anticipated penetration into international markets raises concerns about its future growth and expansion prospects.
This aggregate rating is based on analysts' research of RingCentral and is not a guaranteed prediction by Public.com or investment advice.
RingCentral (RNG) Analyst Forecast & Price Prediction
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