Barclays Maintains Equal-Weight on 8x8, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ryan Macwilliams maintains an Equal-Weight rating on 8x8 (NASDAQ:EGHT) and lowers the price target from $4 to $2.5.
November 02, 2023 | 2:39 pm
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Barclays has maintained an Equal-Weight rating on 8x8 but lowered the price target from $4 to $2.5, which could potentially impact the stock's performance.
The lowering of the price target by Barclays from $4 to $2.5 indicates a potential decrease in the value of 8x8's stock. This could lead to a negative short-term impact on the stock's performance as it may cause investors to reassess their positions.
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IMPORTANCE 80
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