8X8 (NASDAQ:EGHT) Price Target Raised to $3.00 at Rosenblatt Securities

8X8 (NASDAQ:EGHT) had its price target upped by analysts at Rosenblatt Securities from $2.75 to $3.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 24.48% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Weiss Ratings raised 8X8 from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. Zacks Research cut 8X8 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, 8X8 has a consensus rating of “Hold” and a consensus target price of $2.45.

8X8 Price Performance

NASDAQ EGHT opened at $2.41 on Wednesday. The stock has a market capitalization of $335.76 million, a P/E ratio of -120.44, a P/E/G ratio of 1.82 and a beta of 1.83. 8X8 has a 1 year low of $1.56 and a 1 year high of $2.88. The business’s fifty day moving average is $2.01 and its two-hundred day moving average is $2.03. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.13 and a current ratio of 1.13.

Hedge Funds Weigh In On 8X8

Institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of 8X8 during the 1st quarter valued at $25,000. Prelude Capital Management LLC purchased a new position in shares of 8X8 during the 3rd quarter valued at $26,000. CIBC Bancorp USA Inc. purchased a new position in shares of 8X8 during the 3rd quarter valued at $30,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of 8X8 during the 3rd quarter valued at $31,000. Finally, Abel Hall LLC purchased a new position in shares of 8X8 during the 4th quarter valued at $33,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

More 8X8 News

Here are the key news stories impacting 8X8 this week:

• Positive Sentiment: 8×8 posted better-than-expected quarterly results, with adjusted EPS of $0.11 and revenue of $185.25 million, both topping analyst estimates. 8×8, Inc. Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: The company issued first-quarter fiscal 2027 guidance above expectations, calling for EPS of $0.08 to $0.09 and revenue of $180 million to $185 million. 8×8, Inc. Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Full-year fiscal 2027 guidance also came in ahead of consensus, with EPS forecast at $0.33 to $0.38 and revenue at $727 million to $747 million. 8×8, Inc. Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Management highlighted strong demand for AI-powered customer experience and communications API solutions, suggesting improving business momentum and product traction. 8×8 Reports Strong Q4 FY26 Demand for AI-Powered CX and Communication API Solutions
• Neutral Sentiment: Earnings call coverage and transcript links point to additional detail on the quarter, but no new material catalyst beyond the results and guidance was provided. 8×8 (EGHT) Q4 2026 Earnings Transcript
• Negative Sentiment: Despite the earnings beat, 8×8 still reported a negative net margin, indicating profitability remains a work in progress. MarketBeat EGHT page

8X8 Company Profile

8×8, Inc (NASDAQ: EGHT) is a global provider of cloud-based enterprise communications, collaboration and contact centre solutions. The company’s unified communications as a service (UCaaS) platform integrates voice, video, chat, SMS and contact-centre capabilities into a single, software-driven solution. By combining real-time analytics, team messaging and interoperability with third-party business applications, 8×8 aims to simplify communications infrastructure for organisations of all sizes.

Founded in 1987 and headquartered in Campbell, California, 8×8 pioneered hosted VoIP services for businesses in the late 1990s and went public on the NASDAQ in 1997.