What 8 Analyst Ratings Have To Say About 8x8
Portfolio Pulse from Benzinga Insights
8x8 (NASDAQ:EGHT) has received 5 bullish, 3 indifferent, and no bearish ratings from analysts in the last quarter. The average 12-month price target for the stock is $4.76, representing a 17.93% decrease from the previous average price target of $5.80.
October 19, 2023 | 3:01 pm
News sentiment analysis
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NEGATIVE IMPACT
8x8 has received mostly bullish ratings from analysts, but the average price target suggests a potential decrease in the stock price.
The bullish ratings indicate a positive outlook for the company. However, the decrease in the average price target suggests that analysts expect the stock price to decrease in the future, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100