8x8, Inc. (EGHT)
NASDAQ: EGHT · IEX Real-Time Price · USD
2.320
-0.050 (-2.11%)
Apr 25, 2024, 4:00 PM EDT - Market closed
8x8, Inc. Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for 8x8, Inc. stock have an average target of 4.09, with a low estimate of 2.50 and a high estimate of 7.00. The average target predicts an increase of 76.29% from the current stock price of 2.32.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for 8x8, Inc. stock from 8 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 4 | 4 | 4 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $3.8 → $3 | Hold | Maintains | $3.8 → $3 | +29.31% | Apr 17, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +72.41% | Mar 18, 2024 |
| Needham | Needham | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +115.52% | Feb 1, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +72.41% | Feb 1, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $4.5 → $4 | Strong Buy | Maintains | $4.5 → $4 | +72.41% | Jan 18, 2024 |
Financial Forecast
Revenue This Year
742.62M
from 743.94M
Decreased by -0.18%
Revenue Next Year
748.40M
from 742.62M
Increased by 0.78%
EPS This Year
0.46
from -0.63
EPS Next Year
0.46
from 0.46
Decreased by -0.49%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 766.2M | 785.7M | 827.5M |
| Avg | 742.6M | 748.4M | 784.6M |
| Low | 712.7M | 712.5M | 741.1M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 3.0% | 5.8% | 10.6% |
| Avg | -0.2% | 0.8% | 4.8% |
| Low | -4.2% | -4.1% | -1.0% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 0.51 | 0.55 | 0.66 |
| Avg | 0.46 | 0.46 | 0.58 |
| Low | 0.35 | 0.34 | 0.52 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | - | 18.2% | 43.9% |
| Avg | - | -0.5% | 26.5% |
| Low | - | -25.8% | 13.0% |
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.