Stephens analyst Ryan MacWilliams maintained a Buy rating on 8X8 (NYSE:EGHT) Inc on Thursday, setting a price target of $30, which is approximately 41.04% above the present share price of $21.27.
MacWilliams expects 8X8 Inc to post earnings per share (EPS) of -$0.37 for the fourth quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in 8X8, with an average price target of $22.14.
The analysts price targets range from a high of $30 to a low of $15.25.
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 $2.22 billion.
According to TipRanks.com, Stephens analyst Ryan MacWilliams is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.5% and a 75.76% 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.