8x8 Inc Common Stock (EGHT) Stock Forecast & Price Target
8x8 Inc Common Stock · NASDAQ
$1.83-0.06 (-2.91%)
15-min delayed · Sep 8, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 2 firms covering 8x8 Inc Common Stock, 2 rate it Buy or better, 0 sit at Hold, and 0 rate it Sell or worse, a strong buy consensus. Targets are tightly clustered, $3.00 to $3.25, so the covering firms are broadly aligned. The average target of $3.13 sits 70% above the current $1.83. The rating mix has stayed broadly stable, with Buy-side ratings edging up from 1 to 2 over recent months. On the fundamentals, the Street sees consensus EPS building from about $0.10 next quarter toward $0.37 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS2 ratings
Strong Buy
Strong Buy00%
Buy2100%
Hold00%
Sell00%
Strong Sell00%
Based on 2 analysts giving stock ratings to 8x8 Inc Common Stock.
As of Sep, 2 of 2 firms rate EGHT a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
EGHT EPS & revenue forecast
EPS · NEXT QUARTER
$0.10
Range $0.09 – $0.12 · 3 analysts · -17% YoY
Next period, 3 analysts expect 8x8 Inc Common Stock to earn $0.10 a share (range $0.09 – $0.12), versus $0.12 a year earlier. Full-year consensus is $0.35, growing to $0.37 the year after.
REVENUE · NEXT QUARTER
$188.6M
Range $188.2M – $189.2M · 3 analysts · +2% YoY
Revenue is expected to reach $188.6M (range $188.2M – $189.2M), +1.9% year-over-year. Full-year consensus is $755.5M, rising to $770.1M next year.
Top analysts covering 8x8 Inc Common Stock
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on EGHT.
#1
Ryan Koontz
Needham · Rank #136
Buy
$3.50+90.7% to target
Overall win rate
39%
+ Follow
#2
Josh Nichols
B. Riley Securities · Rank #273
Buy
$3.25+77.1% to target
Overall win rate
40%
+ Follow
#3
Michael Turrin
Wells Fargo · Rank #352
Sell
$1.50-18.3% to target
Overall win rate
39%
+ Follow
#4
CT
Catharine Trebnick
Rosenblatt · Rank #442
Buy
$3.00+63.5% to target
Overall win rate
23%
+ Follow
#5
Meta Marshall
Morgan Stanley
Hold
$1.90+3.5% to target
Coverage
—
+ Follow
EGHT stock forecast FAQ
What is EGHT's average 12-month price target?+
The 2 analysts with a live target average $3.13 for 8x8 Inc Common Stock over the next 12 months, ranging from a $3.25 high to a $3.00 low.
Is EGHT stock a Buy, Sell or Hold right now?+
The current consensus is Strong Buy. Of the 2 analyst ratings, 2 are Buy or Strong Buy, 0 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for EGHT?+
The Street-high target is $3.25 (B. Riley Securities), and the Street-low is $3.00 (Rosenblatt). The average of all 2 active targets is $3.13.
How many Wall Street analysts cover EGHT?+
2 analysts have an active rating on 8x8 Inc Common Stock, and 2 firms carry a live 12-month price target.
Who is the most accurate analyst covering EGHT?+
Among analysts who currently cover EGHT, Ryan Koontz of Needham has the strongest overall Quantellect track record (Rank #136). Their current call is Buy with a $3.50 target.
What is 8x8 Inc Common Stock's projected EPS for next quarter?+
The consensus estimate is $0.10 per share (range $0.09 – $0.12) across 3 analysts. Full-year EPS is projected at $0.35, rising to $0.37 the following year.
How much revenue is 8x8 Inc Common Stock expected to report next quarter?+
Consensus revenue is $188.6M (range $188.2M – $189.2M). Full-year revenue is projected at $755.5M, growing to $770.1M next year.
Have analysts been upgrading or downgrading EGHT lately?+
As of Sep, 2 of 2 firms rate EGHT a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their EGHT calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
