RankAlpha logo
Back to Rankings

RNG

RingCentralB
NYSE / Software & Services
Last Price
Quote time unavailable
View Chart
Current thesis
The Q3 release supports the prior positive operating thesis: paid-AI usage broadened, margins expanded, gross debt reached approximately $1 billion, and 2026 guidance increased [#SEC-8K-2026-10-22]. One post-print report says Morgan Stanley raised its target to $91 from $41 while retaining Equalweight; that is a revision, not an upgrade.
Posture
Constructive
Lead driver
Value
What changed
11 setup hits (3d) with net bullish as of 2026-10-25.
What can break
Cash and cash equivalents were $110 million at quarter-end against approximately $1 billion of gross debt [#SEC-8K-2026-10-22].
Momentum
94
Value
59
Sentiment
54
Setup hits (3d)
11 · Net Bullish
AI TargetsBase $84.00 · Bull $100.00 · Bear $60.00Analysis 2026-10-23; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-23 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $57.46
Why
Momentum94 · Δ7d +2.1
Value59 · Δ7d -0.8
Sentiment54 · Δ7d +18.2
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 11 setup hits (3d) with net bullish as of 2026-10-25.
  • • Value remains the lead driver in the composite, 7D delta -0.8.

Contradictions & invalidation

  • • Cash and cash equivalents were $110 million at quarter-end against approximately $1 billion of gross debt [#SEC-8K-2026-10-22].
  • • Moderate 5.9% revenue growth may not sustain a higher AI-driven valuation [#SEC-8K-2026-10-22].
  • • Revenue growth remained 5.9%, and the reported GAAP EPS of $6.50 includes a valuation-allowance release; excluding that impact, GAAP EPS was $0.28 [#SEC-8K-2026-10-22].

Catalyst clock

2026-10-22

Q3 margin strength and higher full-year outlook

Lead driver: Value · See fundamentals
Momentum
94
8% active weight
Current posture
7d trendImproving
Δ7d
+2.1
Δ21d
+0.7
Value
59
47% active weight
Current posture
7d trendFlat
Δ7d
-0.8
Δ21d
+0.1
Sentiment
54
45% active weight
Current posture
7d trendImproving
Δ7d
+18.2
Δ21d
+16.7
Why this grade

Composite grade B. Momentum 94.3 / Value 59.5 / Sentiment 53.5

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-23. Scenario method

B+
Bull case
25%
Probability
Target price
$100.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$84.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$60.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$6.96B
Beta
1.24
Shares Out
83.51M
P/E (TTM)
196.8
P/S (TTM)
0.96
P/FCF (TTM)
4.62
Rev YoY
+5.9%
EPS YoY
+215.1%
Gross Margin
+72.0%
Op Margin
+7.4%
Net Debt
$1.36B
Current Ratio
0.87
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data