Wells Fargo Maintains Underweight on 8x8, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Underweight rating on 8x8 (NASDAQ:EGHT) and lowers the price target from $2 to $1.5.
June 21, 2024 | 12:16 pm
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Wells Fargo analyst Michael Turrin maintains an Underweight rating on 8x8 and lowers the price target from $2 to $1.5, indicating a bearish outlook.
The lowered price target and maintained Underweight rating from a major financial institution like Wells Fargo suggest a negative outlook for 8x8's stock in the short term. This is likely to put downward pressure on the stock price.
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