In a report released today, Dmitry Netis from Stephens maintained a Buy rating on 8X8 (EGHT), with a price target of $27. The company’s shares opened today at $23.73, close to its 52-week high of $24.39.
Netis noted:
“We reiterate our Overweight/Vol. rating on improving execution and channel sales growth, and are buyers on the dip as the outlook appears conservative given improved near-term metrics.”
Netis has an average return of 24.1% when recommending 8X8.
According to TipRanks.com, Netis is ranked #219 out of 5169 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for 8X8 with a $22.36 average price target.
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The company has a one-year high of $24.39 and a one-year low of $15.13. Currently, 8X8 has an average volume of 1.33M.
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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.
