NYSE:EGHT

8X8 - EGHT Price Target & Analyst Ratings

$4.09

+0.11 (+2.76%)

(As of 03/31/2023 12:33 PM ET)

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Today's Range: $3.90
▼
$4.16
50-Day Range: $3.90
▼
$6.42
52-Week Range: $2.87
▼
$13.48

Volume: 293,099 shs
Average Volume: 1.67 million shs
Market Capitalization: $462.37 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.24

Institutional Ownership

8X8 Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Hold
Based on 15 Analyst Ratings

Consensus Analyst Price Target

$7.24
77.09% Upside

High Prediction	$16.00
Average Prediction	$7.24
Low Prediction	$4.00

Type	Current 3/31/22 to 3/31/23	1 Month Ago 3/1/22 to 3/1/23	3 Months Ago 12/31/21 to 12/31/22	1 Year Ago 3/31/21 to 3/31/22
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$7.24	$7.34	$7.93	$19.65
Predicted Upside	77.09% Upside	40.38% Upside	32.85% Upside	24.06% Upside

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EGHT Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EGHT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

8X8 Stock vs. The Competition

Type	8X8	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.33	2.55	2.47
Consensus Rating	Hold	Buy	Hold
Predicted Upside	81.98% Upside	240.75% Upside	93.70% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/23/2023	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$6.00	+53.85%
2/2/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	$4.00 ➝ $4.50	-21.60%
2/2/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$6.00 ➝ $7.00	+39.72%
2/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$4.50 ➝ $5.40	+7.78%
12/14/2022	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$7.00	+48.94%
11/1/2022	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$8.00	+90.48%

10/28/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight	$5.00 ➝ $4.00	+17.30%
10/28/2022	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$6.00 ➝ $5.00	+46.63%
8/8/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
8/5/2022	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
8/5/2022	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
8/4/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$5.50	-1.96%
7/29/2022	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Nichols Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$13.50 ➝ $10.00	+101.61%
7/28/2022	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Breen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
7/28/2022	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
6/24/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Neutral	$6.00	+3.27%
1/12/2022	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$32.00 ➝ $18.00	+4.35%
9/1/2021	Colliers Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$42.00	+67.40%
10/29/2020	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$24.00	+50.47%
7/31/2020	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ryan MacWilliams Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

(Data available from 3/31/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

EGHT Price Target - Frequently Asked Questions

What is 8X8's consensus rating and price target?: According to the issued ratings of 15 analysts in the last year, the consensus rating for 8X8 stock is Hold based on the current 1 sell rating, 8 hold ratings and 6 buy ratings for EGHT. The average twelve-month price prediction for 8X8 is $7.24 with a high price target of $16.00 and a low price target of $4.00. Learn more on EGHT's analyst rating history.
Do Wall Street analysts like 8X8 more than its competitors?: Analysts like 8X8 less than other Computer and Technology companies. The consensus rating for 8X8 is Hold while the average consensus rating for computer and technology companies is Buy. Learn more on how EGHT compares to other companies.
Does 8X8's stock price have much upside?: According to analysts, 8X8's stock has a predicted upside of 41.54% based on their 12-month price targets.

What analysts cover 8X8?: 8X8 has been rated by Morgan Stanley, Needham & Company LLC, Rosenblatt Securities, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:EGHT) was last updated on 3/31/2023 by MarketBeat.com Staff

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