8×8 Upgraded to “Outperform” at Northland Capital (EGHT)
Northland Capital upgraded shares of 8×8 (NASDAQ: EGHT) from a market perform rating to an outperform rating in a research note issued to investors on Friday. The firm currently has $8.00 target price on the stock.
A number of other firms have also recently commented on EGHT. Analysts at Northland Securities downgraded shares of 8×8 from an outperform rating to a market perform rating in a research note to investors on Friday, January 25th. They now have a $7.50 price target on the stock. Analysts at Stephens initiated coverage on shares of 8×8 in a research note to investors on Monday, December 17th. They set an overweight rating and a $9.00 price target on the stock.
Four equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, and two have assigned a hold rating to the stock. The stock presently has an average rating of overweight and an average price target of $8.48.
Shares of 8×8 traded down 0.88% during mid-day trading on Friday, hitting $6.72. 8×8 has a one year low of $3.76 and a one year high of $7.95. The stock’s 50-day moving average is currently $6.90. The company has a market cap of $482.8 million and a P/E ratio of 6.64.
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