In a report released today, Dmitry Netis from Stephens assigned a Buy rating to 8X8 (EGHT), with a price target of $24. The company’s shares opened today at $19.68.
Netis has an average return of 24.5% when recommending 8X8.
According to TipRanks.com, Netis is ranked #283 out of 5188 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for 8X8 with a $21.69 average price target, representing a 10.2% upside. In a report released today, Stifel Nicolaus also reiterated a Buy rating on the stock with a $23 price target.
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The company has a one-year high of $23.50 and a one-year low of $15.13. Currently, 8X8 has an average volume of 1.09M.
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8×8, Inc. operates as a business cloud communications provider which engages in the provision of development and use of Internet protocol voice, video and data communication technologies. It operates through the following geographical segments: Americas and Europe. The firm also offers a SaaS communication solution.
