Needham Maintains Buy on 8x8, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on 8x8 (NASDAQ:EGHT) but lowers the price target from $5 to $3.5.

May 09, 2024 | 6:15 pm
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Needham maintains a Buy rating on 8x8 but lowers the price target from $5 to $3.5.
While the maintenance of a Buy rating suggests continued confidence in the company's fundamentals, the reduction in the price target could reflect adjustments in valuation metrics or market conditions that might temper short-term price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100