Rosenblatt Securities analyst Ryan Koontz maintained a Hold rating on 8X8 (NYSE:EGHT) Inc on Friday, setting a price target of $35, which is approximately 5.20% below the present share price of $36.92.
Koontz expects 8X8 Inc to post earnings per share (EPS) of -$0.37 for the first quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in 8X8, with an average price target of $31.54.
The analysts price targets range from a high of $44 to a low of $22.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $129.13 million and a net profit of -$33.1 million. The company's market cap is $3.93 billion.
According to TipRanks.com, Rosenblatt Securities analyst Ryan Koontz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 32.4% and a 78.95% 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.