Analysts have provided mixed ratings for 8x8 (NASDAQ:EGHT) over the past three months, with a recent trend towards bearish sentiment. The average 12-month price target has declined to $2.7 from a previous $3.46. Key analysts from firms like Wells Fargo, Morgan Stanley, and Needham have lowered their price targets and ratings, reflecting concerns over the company's financial performance, including a decline in revenue and profitability metrics.