B. Riley Securities Reiterates Buy on 8x8, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has reiterated its Buy rating on 8x8 (NASDAQ:EGHT) but has lowered the price target from $7 to $4.
October 24, 2024 | 1:08 pm
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NEUTRAL IMPACT
B. Riley Securities has maintained its Buy rating on 8x8 but reduced the price target from $7 to $4, indicating a more cautious outlook.
The reiteration of the Buy rating suggests continued confidence in 8x8's potential, but the lowered price target reflects a more conservative view on its short-term valuation. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100