Peeling Back The Layers: Exploring 8x8 Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings on 8x8 (NASDAQ:EGHT) over the past three months, with a majority being bullish. The average 12-month price target has decreased to $3.4 from a previous $4.30. Recent analyst actions include lowered price targets by B. Riley Securities, Barclays, and Needham, while Rosenblatt maintained its target. 8x8 faces challenges with declining revenue and high debt, but shows strong net margin and ROA.
October 24, 2024 | 2:01 pm
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8x8 (NASDAQ:EGHT) has received mixed analyst ratings, with a majority being bullish. The average price target has decreased to $3.4, indicating a potential downside. The company faces challenges with declining revenue and high debt, but maintains strong net margin and ROA.
The article provides a comprehensive overview of analyst ratings and financial metrics for 8x8. The decrease in average price target and challenges in revenue and debt management suggest potential concerns, but the strong net margin and ROA provide some positive outlook. The mixed ratings and financial performance lead to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100