BTIG analyst Matthew VanVliet maintained a Buy rating on 8X8 (NYSE:EGHT) Inc on Tuesday, setting a price target of $44, which is approximately 37.24% above the present share price of $32.06.
VanVliet expects 8X8 Inc to post earnings per share (EPS) of -$0.38 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in 8X8, with an average price target of $41.
The analysts price targets range from a high of $44 to a low of $39.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $136.69 million and a net profit of -$35.26 million. The company's market cap is $3.45 billion.
According to TipRanks.com, BTIG analyst Matthew VanVliet is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 23.1% and a 64.44% success rate.
8x8, Inc. engages in the provision of enterprise communication solutions. Its solutions include industry and business solutions for collections, education, government healthcare, high tech, insurance, call center, call center software, network optimization, and international calls. The company was founded in February 1987 and is headquartered in San Jose, CA.