{
  "id": 5285738,
  "title": "RBC Capital initiates RingCentral stock coverage with outperform rating",
  "url": "https://urgent.news/2026/09/03/rbc-capital-initiates-ringcentral-stock-coverage-with-outperform",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T08:28:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/rbc-capital-initiates-ringcentral-stock-coverage-with-outperform-rating-93CH-4887160"
  },
  "original_language": "en",
  "account": "RBC Capital has started providing coverage for RingCentral Inc. (NYSE: RNG) with an \"outperform\" rating, setting a price target of $85.00. RingCentral offers unified communications as a service to around 600,000 businesses worldwide and generates approximately $2.8 billion annually. The stock has surged 141% in the past year and is currently trading at $72.58, near its 52-week high of $72.85, with a market capitalization of $6.06 billion. The firm highlighted RingCentral's market leadership in core voice services, platform expansion into contact centers and artificial intelligence, and commitment to boosting margins and returns for shareholders. While growth has slowed since the peak of the COVID-19 pandemic, mid-single-digit growth has demonstrated the stock's durability. Analysts believe there is potential for a slight acceleration in the stock's growth. Currently, only 12 analysts have raised their earnings projections for the upcoming period, with RingCentral's Fair Value analysis indicating that the stock is undervalued at present. RingCentral reported stronger-than-expected fiscal second-quarter 2026 earnings, exceeding Wall Street expectations in both earnings per share ($1.22) and revenue ($657 million). Furthermore, the company raised its full-year guidance, driven by surging demand for its AI-driven products. Needham also recently increased its price target for RingCentral shares from $55 to $85, maintaining a Buy rating, following positive investor meetings with RingCentral's management that bolstered confidence in the company's growth prospects.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}