RingCentral price target raised to $37 from $28 at Piper Sandler

Piper Sandler raised the firm’s price target on RingCentral (RNG) to $37 from $28 and keeps a Neutral rating on the shares following quarterly results. The firm notes shares reacted very strongly like the rest of Communication Software following prints where expectations and sentiment were low heading into them. However, the print and guides were largely as expected, and it is concerning that Enterprise pricing is going to be pressured in 2026, Piper adds.