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8X8 - EGHT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $6.16
  • Forecasted Upside: 58.31%
  • Number of Analysts: 15
  • Breakdown:
  • 1 Sell Ratings
  • 9 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$3.89 As of 06/9/2023 01:00 AM ET
▲ +0.03 (0.78%)

This chart shows the closing price for EGHT by one month, three months, or twelve months.

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Analyst Price Target for EGHT

Analyst Price Target is $6.16
▲ +58.31% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for 8X8 in the last 3 months. The average price target is $6.16, with a high forecast of $10.00 and a low forecast of $3.00. The average price target represents a 58.31% upside from the last price of $3.89.

This chart shows the closing price for EGHT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 15 polled investment analysts is to hold stock in 8X8. This rating has held steady since October 2021, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
12/16/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
3/16/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
6/14/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 7 hold ratings
  • 1 sell ratings
Ratings as of
9/12/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 8 hold ratings
  • 1 sell ratings
Ratings as of
12/11/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 9 hold ratings
  • 1 sell ratings
Ratings as of
3/11/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 9 hold ratings
  • 1 sell ratings
Ratings as of
5/10/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 9 hold ratings
  • 1 sell ratings
Ratings as of
6/9/2023

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 9 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/12/2023Wells Fargo & CompanyLower Target$4.50 ➝ $3.00Low
5/12/2023BarclaysLower Target$5.00 ➝ $4.00Low
3/23/2023Rosenblatt SecuritiesInitiated CoverageBuy$6.00Low
2/2/2023Roth CapitalReiterated RatingNeutralLow
2/2/2023Wells Fargo & CompanyBoost TargetUnderweight$4.00 ➝ $4.50Low
2/2/2023Needham & Company LLCBoost TargetBuy$6.00 ➝ $7.00Low
2/2/2023Morgan StanleyBoost TargetEqual Weight$4.50 ➝ $5.40Low
12/14/2022Morgan StanleyBoost TargetEqual Weight$4.00 ➝ $4.50Low
12/14/2022WedbushInitiated CoverageNeutral$7.00Low
11/1/2022Northland SecuritiesLower Target$8.00Low
10/28/2022Needham & Company LLCLower TargetBuy$8.00 ➝ $6.00Low
10/28/2022Wells Fargo & CompanyLower TargetUnderweight$5.00 ➝ $4.00Low
10/28/2022BarclaysLower TargetEqual Weight$5.00 ➝ $4.00Low
10/28/2022MizuhoLower TargetNeutral$6.00 ➝ $5.00Low
10/11/2022Morgan StanleyLower TargetEqual Weight$6.50 ➝ $4.00Low
8/8/2022Bank of AmericaUpgradeNeutral ➝ BuyLow
8/5/2022Craig HallumUpgradeHold ➝ BuyLow
8/5/2022OppenheimerDowngradeOutperform ➝ Market PerformLow
8/4/2022MKM PartnersInitiated CoverageNeutral$5.50Low
7/29/2022B. RileyLower Target$13.50 ➝ $10.00Low
7/28/2022William BlairReiterated RatingOutperformLow
7/28/2022Bank of AmericaLower TargetNeutral$10.00 ➝ $7.00Low
7/28/2022Needham & Company LLCLower TargetBuy$13.00 ➝ $8.00Low
7/28/2022Wells Fargo & CompanyLower TargetUnderweight$8.00 ➝ $5.00Low
7/28/2022BTIG ResearchDowngradeBuy ➝ NeutralLow
7/25/2022BarclaysLower TargetEqual Weight$10.00 ➝ $6.00Low
7/14/2022Morgan StanleyLower TargetEqual Weight$11.00 ➝ $6.50Low
6/24/2022Evercore ISIReiterated RatingOutperform ➝ Neutral$6.00Low
5/11/2022Needham & Company LLCLower Target$22.00 ➝ $13.00High
5/11/2022Craig HallumLower Target$20.00 ➝ $10.00High
5/11/2022Evercore ISILower Target$30.00 ➝ $18.00High
5/11/2022BTIG ResearchLower Target$36.00 ➝ $16.00High
5/11/2022MizuhoLower Target$15.00 ➝ $10.00High
5/11/2022B. RileyUpgradeNeutral ➝ Buy$13.50High
4/26/2022BarclaysLower TargetEqual Weight$17.00 ➝ $10.00High
3/15/2022Wells Fargo & CompanyLower TargetUnderweight$15.00 ➝ $11.00High
2/22/2022Morgan StanleyLower TargetEqual Weight$18.00 ➝ $16.00High
2/3/2022Craig HallumLower Target$25.00 ➝ $20.00High
2/3/2022B. RileyLower Target$19.00 ➝ $17.50High
2/3/2022Needham & Company LLCLower TargetBuy$32.00 ➝ $22.00High
1/28/2022Bank of AmericaInitiated CoverageBuy ➝ Buy$18.00High
1/28/2022MizuhoLower Target$20.00 ➝ $15.00Medium
1/26/2022Wells Fargo & CompanyLower TargetUnderweight$17.00 ➝ $15.00High
1/24/2022BarclaysLower TargetEqual Weight$25.00 ➝ $17.00High
1/12/2022Robert W. BairdDowngradeOutperform ➝ Neutral$32.00 ➝ $18.00Low
12/13/2021Wells Fargo & CompanyLower TargetUnderweight$20.00 ➝ $17.00High
12/2/2021Craig HallumLower TargetHold$30.00 ➝ $25.00Medium
12/2/2021B. RileyLower TargetNeutral$25.00 ➝ $19.00High
11/3/2021B. RileyReiterated RatingNeutralHigh
11/3/2021Needham & Company LLCReiterated RatingBuy$32.00High
10/20/2021BarclaysInitiated CoverageEqual Weight$25.00High
9/1/2021Colliers SecuritiesReiterated RatingBuy$42.00Medium
8/5/2021Colliers SecuritiesReiterated RatingBuy$42.00High
7/26/2021Colliers SecuritiesReiterated RatingBuy$42.00Low
6/21/2021Needham & Company LLCInitiated CoverageBuy$32.00Medium
5/17/2021Craig HallumReiterated RatingBuy ➝ HoldN/A
5/14/2021Morgan StanleyLower TargetEqual Weight$35.00 ➝ $30.00Low
5/13/2021Evercore ISIReiterated RatingBuyLow
5/11/2021B. RileyReiterated RatingNeutral$32.50 ➝ $25.00High
5/11/2021Craig HallumDowngradeBuy ➝ HoldHigh
4/20/2021Bank of AmericaInitiated CoverageNeutral$39.00High
1/29/2021Craig HallumBoost TargetBuy$22.00 ➝ $45.00High
1/25/2021Rosenblatt SecuritiesBoost TargetNeutral$18.00 ➝ $35.00Medium
1/25/2021B. RileyBoost TargetNeutral$25.00 ➝ $32.50Medium
1/21/2021Morgan StanleyBoost TargetEqual Weight$33.00 ➝ $35.00High
1/19/2021BTIG ResearchBoost TargetBuy$35.00 ➝ $44.00High
1/5/2021Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$17.00 ➝ $25.00N/A
12/23/2020Needham & Company LLCBoost TargetBuy$35.00 ➝ $40.00N/A
12/17/2020Northland SecuritiesReiterated RatingBuy$23.00 ➝ $36.00Low
12/16/2020MizuhoBoost TargetNeutral$17.00 ➝ $25.00Low
12/11/2020Needham & Company LLCBoost TargetBuy$21.00 ➝ $35.00High
12/11/2020B. RileyBoost TargetNeutral$15.25 ➝ $25.00High
10/29/2020Craig HallumUpgradeHold ➝ Buy$22.00High
10/29/2020Rosenblatt SecuritiesBoost TargetNeutral$17.50 ➝ $18.00High
10/29/2020B. RileyUpgradeSell ➝ Neutral$12.00 ➝ $15.25High
10/29/2020Summit InsightsUpgradeHold ➝ Buy$24.00High
10/9/2020MizuhoInitiated CoverageNeutral$17.00Low
8/20/2020Evercore ISIInitiated CoverageOutperform$23.00Low
8/12/2020OppenheimerInitiated CoverageBuy$29.00Low
7/31/2020StephensReiterated RatingBuyHigh
7/30/2020OppenheimerReiterated RatingBuy$29.00High
7/27/2020Rosenblatt SecuritiesBoost TargetNeutral$15.00 ➝ $17.50Medium
6/19/2020Northland SecuritiesInitiated CoverageBuy$23.00Medium
6/10/2020Northland SecuritiesReiterated RatingBuy$23.00Low
6/10/2020StephensReiterated RatingBuyLow
6/10/2020Rosenblatt SecuritiesLower TargetNeutral$19.00 ➝ $15.00Medium
6/9/2020Morgan StanleyLower TargetEqual Weight$21.00 ➝ $17.00High
5/19/2020Needham & Company LLCReiterated RatingBuy$25.00Medium
5/13/2020Morgan StanleyBoost TargetEqual Weight$20.00 ➝ $21.00High
5/13/2020Craig HallumLower TargetHold$25.00 ➝ $22.00High
5/13/2020Northland SecuritiesLower TargetOutperform$29.00 ➝ $23.00High
5/13/2020Wells Fargo & CompanyLower TargetEqual Weight$21.00 ➝ $20.00High
5/13/2020Robert W. BairdLower TargetOutperform$29.00 ➝ $23.00High
5/13/2020BTIG ResearchBoost TargetBuy$20.00 ➝ $23.00High
5/13/2020B. RileyLower TargetSell$13.00 ➝ $12.00High
5/13/2020OppenheimerReiterated RatingBuy$29.00High
4/22/2020Needham & Company LLCLower TargetBuy$26.00 ➝ $25.00Medium
4/19/2020BTIG ResearchInitiated CoverageBuyMedium
4/15/2020Rosenblatt SecuritiesLower TargetNeutral$21.00 ➝ $19.00Medium
4/13/2020BTIG ResearchInitiated CoverageBuyHigh
3/26/2020B. RileyDowngradeNeutral ➝ Sell$18.50 ➝ $13.00High
3/25/2020Morgan StanleyLower TargetEqual Weight$23.00 ➝ $20.00High
2/26/2020StephensReiterated RatingBuy$27.00High
2/24/2020Needham & Company LLCReiterated RatingBuy$26.00Medium
2/4/2020StephensReiterated RatingBuy$27.00Medium
1/27/2020Wells Fargo & CompanyInitiated CoverageEqual Weight$20.00Low
1/22/2020Rosenblatt SecuritiesReiterated RatingHold$21.00Low
1/13/2020Morgan StanleyDowngradeOverweight ➝ Equal Weight$28.00 ➝ $23.00High
10/31/2019StephensReiterated RatingBuy$27.00High
10/31/2019Summit InsightsUpgradeHold ➝ BuyHigh
10/24/2019B. RileyUpgradeSell ➝ Neutral$18.50High
9/30/2019Bank of AmericaDowngradeNeutral ➝ Underperform$21.00Medium
9/22/2019Northland SecuritiesReiterated RatingBuy$29.00Low
7/31/2019Stifel NicolausSet TargetBuy$30.00Low
7/31/2019OppenheimerSet TargetBuy$29.00Low
7/31/2019Bank of AmericaBoost TargetNeutral ➝ Neutral$25.00 ➝ $28.00High
7/31/2019Dougherty & CoUpgradeNeutral ➝ BuyHigh
7/31/2019Morgan StanleyBoost TargetOverweight$26.00 ➝ $28.00High
7/31/2019B. RileyDowngradeNeutral ➝ Sell$17.50 ➝ $18.50High
7/24/2019Rosenblatt SecuritiesReiterated RatingBuy ➝ Neutral$22.50 ➝ $27.00Medium
7/18/2019Craig HallumReiterated RatingHold$19.00 ➝ $25.00Low
7/18/2019Needham & Company LLCBoost TargetBuy ➝ Buy$25.00 ➝ $28.00Low
7/18/2019Northland SecuritiesReiterated RatingBuy$28.00Low
5/15/2019Bank of AmericaBoost TargetNeutral$23.00 ➝ $25.00High
5/15/2019Needham & Company LLCReiterated RatingBuy ➝ Buy$22.00 ➝ $25.00Medium
5/15/2019Dougherty & CoDowngradeBuy ➝ Neutral$21.95Medium
5/14/2019StephensReiterated RatingBuy$27.00High
3/25/2019Rosenblatt SecuritiesReiterated RatingBuy$22.50Low
3/11/2019GuggenheimInitiated CoverageNeutral ➝ Neutral$20.00Low
1/31/2019Rosenblatt SecuritiesReiterated RatingBuy$22.50Low
1/30/2019Needham & Company LLCLower TargetBuy$23.00 ➝ $22.00High
1/3/2019StephensInitiated CoverageOverweightHigh
12/20/2018Rosenblatt SecuritiesInitiated CoverageBuy$24.00High
10/30/2018Bank of AmericaSet TargetHold$23.00High
10/30/2018Needham & Company LLCReiterated RatingBuy ➝ Buy$25.00 ➝ $23.00Medium
10/30/2018Summit InsightsReiterated RatingHoldMedium
10/10/2018William BlairInitiated CoverageOutperformMedium
7/30/2018B. RileyBoost TargetNeutral ➝ Neutral$16.00 ➝ $22.00Low
7/27/2018Needham & Company LLCReiterated RatingBuy$25.00N/A
7/11/2018Stifel NicolausInitiated CoverageBuy$25.00High
(Data available from 6/9/2018 forward)

News Sentiment Rating

0.23 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 4 very positive mentions
  • 18 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
11/11/2022
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/11/2022
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/10/2023
  • 8 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/9/2023
  • 6 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/11/2023
  • 6 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/10/2023
  • 2 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
5/10/2023
  • 7 very positive mentions
  • 24 positive mentions
  • 7 negative mentions
  • 0 very negative mentions
Mentions as of
6/9/2023

Current Sentiment

  • 7 very positive mentions
  • 24 positive mentions
  • 7 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

8X8 logo
8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. It provides 8x8 Work, a self-contained end-to-end united communications solution that delivers enterprise voice with public switched telephone network connectivity, video meetings, and unified messaging, as well as direct messages, public and private team messaging rooms, and short and multimedia services; 8x8 Contact Center, a multi-channel cloud-based contact center solution; and 8x8 CPaaS, a set of global communications Platform-as-a-Service. The company also offers and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact center solutions. It markets its services to end users through industry conferences, trade shows, Webinars, and digital advertising channels. The company was incorporated in 1987 and is headquartered in Campbell, California.
Read More

Today's Range

Now: $3.89
Low: $3.82
High: $3.92

50 Day Range

MA: $3.52
Low: $2.58
High: $4.20

52 Week Range

Now: $3.89
Low: $2.50
High: $6.66

Volume

1,204,207 shs

Average Volume

1,660,904 shs

Market Capitalization

$452.64 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.27

Frequently Asked Questions

What sell-side analysts currently cover shares of 8X8?

The following sell-side analysts have issued reports on 8X8 in the last twelve months: B. Riley, Bank of America Co., Barclays PLC, BTIG Research, Craig Hallum, Evercore ISI, Mizuho, MKM Partners, Morgan Stanley, Needham & Company LLC, Northland Securities, Oppenheimer Holdings Inc., Rosenblatt Securities, Roth Capital, StockNews.com, Wedbush, Wells Fargo & Company, and William Blair.
View the latest analyst ratings for EGHT.

What is the current price target for 8X8?

12 Wall Street analysts have set twelve-month price targets for 8X8 in the last year. Their average twelve-month price target is $6.16, suggesting a possible upside of 58.3%. B. Riley has the highest price target set, predicting EGHT will reach $10.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $3.00 for 8X8 in the next year.
View the latest price targets for EGHT.

What is the current consensus analyst rating for 8X8?

8X8 currently has 1 sell rating, 9 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in EGHT, but not buy more shares or sell existing shares.
View the latest ratings for EGHT.

What other companies compete with 8X8?

Other companies that are similar to 8X8 include trivago, Sohu.com, Tucows, Ooma and Innodata. Learn More about companies similar to 8X8.

How do I contact 8X8's investor relations team?

8X8's physical mailing address is 675 Creekside Way, Campbell CA, 95008. The company's listed phone number is (408) 727-1885 and its investor relations email address is [email protected]. The official website for 8X8 is www.8x8.com. Learn More about contacing 8X8 investor relations.