Shares of 8×8 Inc (Symbol: EGHT) have surpassed the average analyst 12-month target price of $2.25, trading at $2.36 per share. This movement prompts analysts to consider adjusting their targets or potentially downgrading their evaluations based on recent business developments affecting the company’s valuation.
Currently, there are four different analyst targets for 8×8 Inc, with the lowest at $1.50 and the highest at $3.00, reflecting a standard deviation of $0.645. In terms of ratings, the latest analysis shows 2 strong buy ratings, 2 hold ratings, and 1 strong sell rating, leading to an average rating of 2.6 on a scale where 1 is “Strong Buy” and 5 is “Strong Sell.”
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