- 8x8, Inc. (EGHT, Financial) records its highest quarterly service revenue growth in over two years.
- Analysts' consensus points to a potential 46.53% upside in the stock.
- Current investment sentiment remains at "Hold" with significant valuation upsides.
8x8, Inc. (EGHT) has reported a remarkable achievement with its highest standalone service revenue growth rate in the past ten quarters, marking a 4.6% increase year-over-year in Q4. This growth is attributed to the increased adoption of its communication APIs and successful integration with Microsoft Teams. The company aims to complete all customer transitions to its advanced platform by the end of the year, indicating strategic progress and strong operational focus.
Wall Street Analysts Forecast
The financial analysts have issued one-year price targets for 8x8 Inc (EGHT, Financial), presenting an average target price of $2.64. This target includes a high estimate of $4.00 and a low estimate of $1.50, suggesting a potential upside of 46.53% from the current stock price of $1.80. For a more comprehensive analysis, investors can visit the 8x8 Inc (EGHT) Forecast page.
Brokerage firms have rated 8x8 Inc (EGHT, Financial) with an average recommendation of 2.9, which is indicative of a "Hold" status. This evaluation follows a rating scale where 1 means Strong Buy and 5 indicates Sell. This consensus reflects balanced expectations among investors and analysts alike.
According to GuruFocus estimates, the projected GF Value for 8x8 Inc (EGHT, Financial) in a year is set at $2.94. This estimate indicates a promising upside of 63.33% from the current market price of $1.80. The GF Value is derived from historical trading multiples, past growth, and anticipated future performance of the business, providing a robust perspective on the stock's fair value. Investors seeking more detailed information can explore the 8x8 Inc (EGHT) Summary page.
