Over the past three months, a total of four analysts have shared their ratings on 8×8 (NASDAQ: EGHT), presenting a wide range of perspectives, from optimistic to pessimistic. Let’s take a look at their recent ratings and compare them to previous months to see how sentiments have shifted.
Rating Total Ratings Last 30 Days 1M Ago 2M Ago 3M Ago
Bullish 3 1 0 0 2
Somewhat Bullish 0 0 0 0 0
Indifferent 1 0 0 0 1
Somewhat Bearish 0 0 0 0 0
Bearish 0 0 0 0 0
In addition to providing ratings, these analysts have also evaluated 8×8 and shared their 12-month price targets. The average target stands at $4.00, with a high estimate of $5.00 and a low estimate of $2.50. However, it’s worth noting that the current average target represents a 15.79% decrease compared to the previous average target of $4.75, indicating a downward trend.
Let’s delve into some key insights from the analysts’ actions and evaluations:
1. Catharine Trebnick from Rosenblatt has downgraded the rating to Buy and set a current price target of $4.00, down from the previous target of $4.50.
2. Ryan Macwilliams from Barclays has also downgraded the rating to Equal-Weight and set a current price target of $2.50, down from $4.00.
3. On the other hand, George Sutton from Craig-Hallum has maintained the Buy rating and kept the price target at $4.50, unchanged from before.
4. Ryan Koontz from Needham has downgraded the rating to Buy and set a current price target of $5.00, down from $6.00.
Taking into account the ratings of nine Wall Street analysts, the consensus rating for 8×8 is currently Hold. This includes two buy ratings, six hold ratings, and one sell rating.
EGHT Stock Analysis: Bearish Sentiment and Potential Declines Ahead – January 2024 Update
On January 18, 2024, EGHT stock opened at $3.41, which was $0.03 higher than its previous close. However, the stock price dropped by $0.03, representing a 1.04% decrease. EGHT’s position in the middle of its 52-week range suggests a lack of significant highs or lows in the past year. Additionally, trading below its 200-day simple moving average could indicate a bearish sentiment and potential further declines in the future. Investors should carefully analyze these trends and consider other factors before making any investment decisions regarding EGHT stock.
EGHT Stock Shows Promising Performances with Increased Revenue and Improved Net Income: An Analysis Based on CNN Money Data
On January 18, 2024, EGHT stock showed promising performances based on the data provided by CNN Money. The company’s total revenue for the past year amounted to $743.94 million, marking a 16.58% increase compared to the previous year.
EGHT also witnessed a positive trend in its net income. Over the past year, the company reported a net loss of -$73.14 million. However, this figure improved by 58.3% compared to the previous year.
The earnings per share (EPS) of EGHT also showed significant improvement. Over the past year, the company reported an EPS of -$0.63, which marked a 59.23% increase compared to the previous year.
These positive financial indicators suggest that EGHT has made significant strides in its performance. The increase in total revenue and net income demonstrates the company’s ability to generate more revenue and reduce losses. Additionally, the improvement in EPS indicates a positive growth trajectory for EGHT.
Investors and shareholders may view these positive financial indicators as a sign of the company’s potential for future growth and profitability. However, it is important to conduct further analysis and consider other factors before making any investment decisions.
It is worth noting that these figures are based on the provided data from CNN Money. Investors should always conduct thorough research and consult with financial advisors to make informed investment decisions.
