8×8 Price Target Raised to $11.50 at Northland Capital Partners (EGHT)
Analysts at Northland Capital Partners hoisted their price objective on shares of 8×8 (NASDAQ:EGHT) from $11.00 to $11.50 in a research report issued to clients and investors on Thursday, Stock Ratings News reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ target price would indicate a potential upside of 3.14% from the stock’s previous close.
Shares of 8×8 (NASDAQ:EGHT) traded up 0.18% on Thursday, hitting $11.15. 1,292,568 shares of the company’s stock traded hands. 8×8 has a 1-year low of $5.62 and a 1-year high of $9.99. The stock’s 50-day moving average is $9.37 and its 200-day moving average is $8.01. The company has a market cap of $811.3 million and a price-to-earnings ratio of 110.20.
8×8 (NASDAQ:EGHT) last released its earnings data on Wednesday, October 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $30.82 million for the quarter, compared to the consensus estimate of $31.10 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts predict that 8×8 will post $0.27 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EGHT. Analysts at B. Riley raised their price target on shares of 8×8 from $8.12 to $11.50 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of 8×8 from $10.50 to $12.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities raised their price target on shares of 8×8 from $9.50 to $11.00 in a research note to investors on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $11.10.
8×8, Inc, is a United States-based company, which provides telecommunication services and technology for Internet protocol (NASDAQ:EGHT), telephony and video applications.
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