Movement Alert｜RingCentral Intraday Rise 5.22% in Regular Trading, Q3 Beat and Higher Price Targets Continue to Support Shares

Market Focus10-27

On October 27, RingCentral rose 5.22% in Regular Trading, trading at $87.73 per share, with turnover of $97.69 million.

The move is supported by continued market digestion of the company’s stronger third-quarter results, raised full-year guidance, and upward analyst target-price revisions.

RingCentral reported adjusted EPS of $1.33, above the $1.28 consensus, on revenue of $676.0 million, ahead of the $667.0 million expectation. It also lifted full-year adjusted EPS guidance to $5.07-$5.12 and revenue guidance to $2.65 billion-$2.66 billion, both above prevailing estimates. Recent analyst commentary also highlighted a third straight quarter of accelerating subscription growth, broader AI adoption, and stronger profitability, while one major bank raised its price target to $91 from $41 and maintained an Equalweight rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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