Needham Maintains Buy on 8x8, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on 8x8 (NASDAQ:EGHT) but lowers the price target from $3.5 to $3.
August 09, 2024 | 10:20 am
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NEUTRAL IMPACT
Needham analyst Ryan Koontz maintains a Buy rating on 8x8 but lowers the price target from $3.5 to $3.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates some caution about its short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100