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8x8 Inc has a consensus price target of $5.9 based on the ratings of 14 analysts. The high is $18 issued by Baird on January 12, 2022. The low is $1.5 issued by Wells Fargo on June 21, 2024. The 3 most-recent analyst ratings were released by Rosenblatt, Barclays, and Needham on August 22, 2024, August 9, 2024, and August 9, 2024, respectively. With an average price target of $3 between Rosenblatt, Barclays, and Needham, there's an implied 53.85% upside for 8x8 Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for 8x8 (NASDAQ:EGHT) was reported by Rosenblatt on August 22, 2024. The analyst firm set a price target for $4.00 expecting EGHT to rise to within 12 months (a possible 105.13% upside). 19 analyst firms have reported ratings in the last year.
The latest analyst rating for 8x8 (NASDAQ:EGHT) was provided by Rosenblatt, and 8x8 maintained their buy rating.
The last upgrade for 8x8 Inc happened on November 2, 2023 when Craig-Hallum raised their price target to $4.5. Craig-Hallum previously had a hold for 8x8 Inc.
The last downgrade for 8x8 Inc happened on June 14, 2024 when Morgan Stanley changed their price target from $3 to $2 for 8x8 Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of 8x8, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for 8x8 was filed on August 22, 2024 so you should expect the next rating to be made available sometime around August 22, 2025.
While ratings are subjective and will change, the latest 8x8 (EGHT) rating was a maintained with a price target of $4.00 to $4.00. The current price 8x8 (EGHT) is trading at is $1.95, which is out of the analyst’s predicted range.
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