Critical Insights From 8x8 Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Over the past three months, 6 analysts have evaluated 8x8 (NASDAQ:EGHT), with a mix of bullish and bearish opinions. The average 12-month price target has decreased from $3.17 to $2.67. Analysts from Barclays, Needham, Rosenblatt, Wells Fargo, and Morgan Stanley have adjusted their ratings and price targets, reflecting a cautious outlook. Key financial metrics indicate challenges in revenue growth, profitability, and debt management for 8x8.
August 09, 2024 | 1:01 pm
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Analysts have mixed sentiments on 8x8 (NASDAQ:EGHT) with a lowered average price target of $2.67. Key financial metrics indicate challenges in revenue growth, profitability, and debt management.
The decrease in the average price target from $3.17 to $2.67, along with lowered ratings from multiple analysts, suggests a cautious outlook. Financial metrics such as declining revenue growth, negative net margin, and high debt-to-equity ratio further indicate potential short-term challenges for 8x8.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100