Robert W. Baird analyst William Power has maintained their neutral stance on RNG stock, giving a Hold rating yesterday.
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William Power has given his Hold rating due to a combination of factors, including RingCentral’s steady but modest top-line growth and largely in-line guidance for 2026. While recent quarterly results slightly exceeded expectations and new AI offerings are gaining traction, overall subscription growth remains in the mid‑single digits, suggesting only limited near‑term reacceleration.
At the same time, he acknowledges the company’s improving free cash flow, disciplined cost structure, and shareholder-friendly actions such as buybacks and the initiation of a dividend. However, despite trading at a discount to cloud communication peers, the shares already reflect much of this progress, and clearer evidence of durable revenue acceleration would be needed before moving to a more constructive rating.
Power covers the Technology sector, focusing on stocks such as Apple, MongoDB, and Datadog. According to TipRanks, Power has an average return of 15.8% and a 55.20% success rate on recommended stocks.
In another report released yesterday, UBS also maintained a Hold rating on the stock with a $32.00 price target.