Cracking The Code: Understanding Analyst Reviews For 8x8
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for 8x8 Inc (NASDAQ:EGHT), with a mix of bullish and indifferent stances. Over the last three months, 4 analysts have issued ratings, with 3 bullish and 1 indifferent. The average 12-month price target is now $4.00, down from $4.75, with a high estimate of $5.00 and a low of $2.50. Analysts from Rosenblatt, Barclays, Craig-Hallum, and Needham have adjusted their price targets, reflecting changes in market conditions and company performance. 8x8's financial overview shows a decline in revenue growth, a high debt-to-equity ratio, but strong net margin, ROE, and ROA compared to industry averages.
January 18, 2024 | 1:00 pm
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Analysts have updated their ratings for 8x8, with a new average price target of $4.00, reflecting a downward revision from $4.75. The company's revenue has declined, but it maintains strong net margin, ROE, and ROA.
The mixed analyst ratings and lowered price targets suggest uncertainty, which could lead to a neutral short-term impact on EGHT's stock price. The financial health indicators are positive, but the revenue decline and high debt ratio may concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100