Analysts Have Conflicting Sentiments on These Technology Companies: 8X8 (EGHT) and HealthStream (HSTM)

Analysts have been eager to weigh in on the Technology sector with new ratings on 8X8 (EGHT) and HealthStream (HSTM).

8X8 (EGHT)

Stephens analyst Dmitry Netis assigned a Buy rating to 8X8 today and set a price target of $27. The company’s shares closed yesterday at $24.62, close to its 52-week high of $25.93.

Netis wrote:

“We believe Wavecell fits nicely into 8×8’s product suite, as CPaaS functionality was the last missing piece required to complete 8×8’s integrated cloud platform, which we have speculated previously might be bought to shorten time to market. With the valuation of CPaaS pure-play EV/Sales, we see the acquisition as accretive to both 8×8’s revenue growth and multiple.”

Netis has an average return of 24.4% when recommending 8X8.

According to, Netis is ranked #268 out of 5053 analysts.

Currently, the analyst consensus on 8X8 is a Moderate Buy with an average price target of $23.71, a -3.7% downside from current levels. In a report released today, Northland Securities also maintained a Buy rating on the stock with a $28 price target.

See today’s analyst top recommended stocks >>

HealthStream (HSTM)

Barrington analyst Vincent Colicchio maintained a Hold rating on HealthStream today. The company’s shares closed yesterday at $26.55.

Colicchio noted:

“We expect HealthStream to report Q2/19 non-GAAP EPS of $0.08, which exceeds the FactSet consensus of $0.07. Our EPS forecast represents a year-over- year decline of 28% (vs. $0.11) and a sequential decline of 45% (vs. $0.15). The year-over- year and sequential declines should largely be driven by lower gross margins and higher indirect operating costs as a portion of revenue. The latter is driven by our expectation of increased investment in sales and product development.”

According to, Colicchio is a 1-star analyst with an average return of -1.6% and a 50.5% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.

Currently, the analyst consensus on HealthStream is a Hold with an average price target of $26.

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