8x8, Inc. (EGHT)
NASDAQ: EGHT · IEX Real-Time Price · USD
2.780
-0.040 (-1.42%)
At close: Jul 19, 2024, 4:00 PM
2.830
+0.050 (1.80%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
8x8, Inc. Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for 8x8, Inc. stock have an average target of 3.11, with a low estimate of 1.50 and a high estimate of 4.50. The average target predicts an increase of 11.87% from the current stock price of 2.78.
Analyst Consensus: Buy
* Price targets were last updated on Jun 21, 2024.
Analyst Ratings
The average analyst rating for 8x8, Inc. stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 4 | 4 | 3 | 2 | 2 |
| Sell | 1 | 1 | 1 | 0 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 6 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Sell Maintains $2 → $1.5 | Sell | Maintains | $2 → $1.5 | -46.04% | Jun 21, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Sell Downgrades $3 → $2 | Hold → Sell | Downgrades | $3 → $2 | -28.06% | Jun 14, 2024 |
| Needham | Needham | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | +25.90% | May 20, 2024 |
| Needham | Needham | Strong Buy Maintains $5 → $3.5 | Strong Buy | Maintains | $5 → $3.5 | +25.90% | May 9, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $3.8 → $3 | Hold | Maintains | $3.8 → $3 | +7.91% | Apr 17, 2024 |
Financial Forecast
Revenue This Year
742.73M
from 728.71M
Increased by 1.92%
Revenue Next Year
767.83M
from 742.73M
Increased by 3.38%
EPS This Year
0.41
from -0.56
EPS Next Year
0.51
from 0.41
Increased by 23.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 770.7M | 808.4M | 828.2M |
| Avg | 742.7M | 767.8M | 804.6M |
| Low | 710.3M | 715.2M | 773.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.8% | 8.8% | 7.9% |
| Avg | 1.9% | 3.4% | 4.8% |
| Low | -2.5% | -3.7% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.46 | 0.58 | 0.61 |
| Avg | 0.41 | 0.51 | 0.59 |
| Low | 0.37 | 0.43 | 0.57 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 41.0% | 19.7% |
| Avg | - | 23.8% | 16.3% |
| Low | - | 4.9% | 11.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.