Unveiling 4 Analyst Insights On 8x8
Portfolio Pulse from Benzinga Insights
8x8 (NASDAQ:EGHT) has been analyzed by 4 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has dropped by 20.45% to $3.5. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. Financial indicators reveal challenges in revenue growth, profitability, and debt management for 8x8.
May 20, 2024 | 1:00 pm
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NEGATIVE IMPACT
8x8 has received mixed analyst ratings over the past three months, with a notable 20.45% drop in the average 12-month price target to $3.5. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. Financial indicators reveal challenges in revenue growth, profitability, and debt management.
The mixed analyst ratings and significant drop in the average price target indicate a bearish sentiment. Financial challenges such as declining revenue, poor profitability, and high debt further support a negative short-term outlook for 8x8.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100