Is RNG a good stock to buy? We came across a bullish thesis on RingCentral, Inc. on TradersPro’s Substack. In this article, we will summarize the bulls’ thesis on RNG. RingCentral, Inc.’s share was trading at $38.32 as of June 15th. RNG’s trailing and forward P/E were 41.11 and 7.81 respectively according to Yahoo Finance.
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RingCentral, Inc. (RNG) is a cloud communications provider that integrates business telephony, messaging, video conferencing, and contact center solutions into a unified platform, positioning at center of enterprise communication workflows while increasingly layering artificial intelligence into its core offerings. As enterprises accelerate adoption of AI to streamline operations, RingCentral is emerging as a beneficiary through its rollout of AI-powered voice agents and assistants that can answer calls, resolve routine customer queries, and support human agents.
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These capabilities are beginning to generate incremental revenue streams while improving operating leverage, as automation reduces service costs and enhances scalability across its customer base. The company’s platform, deeply embedded across enterprise workflows, benefits from strong retention dynamics, and the addition of AI functionality further strengthens switching costs and customer stickiness.
At the same time, the broader shift toward AI-driven customer engagement in support and sales functions is creating a tailwind for demand, particularly as businesses seek to reduce headcount-heavy call center operations without compromising service quality. This positioning allows RingCentral to capture both efficiency-driven and innovation-driven.
On the market side, recent price action shows improving momentum, with a confirmation candle supported by rising volume, signaling buying interest and potential continuation of the upward trend as investors reassess the company’s AI-driven growth trajectory. The combination of secular AI adoption, embedded enterprise workflows, expanding high-margin software layers, and improving technical momentum supports a more constructive outlook for RingCentral’s growth and profitability profile, with the AI voice agent opportunity acting as a catalyst for sustained re-rating potential.
Previously, we covered a bullish thesis on Zoom Communications Inc. (ZM) by mrmrmrj in January 2025, which highlighted valuation, strong free cash flow yield, and balance sheet strength. ZM’s stock price has appreciated by approximately 17.79% since our coverage. TradersPro’s Substack shares a similar view but emphasizes RingCentral, Inc. RNG’s AI voice agents, workflow integration, and enterprise automation-driven growth potential within cloud communications.
RingCentral, Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held RNG at the end of the first quarter which was 27 in the previous quarter. While we acknowledge the risk and potential of RNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RNG and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
