8X8 Inc. (EGHT) Stock Forecast & Predictions

8X8 Inc. EGHT: $15.72

675 Creekside Way, Campbell, California, US. | Sector: Information | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.8x8.com

  • Market Cap$1.76B
  • Change (52 Weeks)-58.18%
  • Low (52 Weeks)$15.47
  • 8X8 Inc. (EGHT) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for 8X8 Inc. (EGHT) is based on 22 Institutional Analyst Ratings where 31.82% are on Strong Buy, 31.82% on Moderate Buy, 31.82% remains on Hold, 0.00% are on Moderate Sell and 4.55% are on Strong Sell.

    Out of 22 Institutional Analysts, majority recommended EGHT stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of 8X8 Inc..

    8X8 Inc. (EGHT) Stock Price Prediction By Analysts


    HighLowAverage
    $52.50$17.17$29.65
    $29.6588.6% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for EGHT set by the institutional analysts is $29.65 where High Estimate is $52.50, Median $25.5 and Low $17.17.

    The average price target for EGHT by Institutional Analysts is $29.65, which is 88.6% Upside from the current price. So according to the Institutional Analysts, EGHT Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    8X8 Inc. (EGHT) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    BairdNeutralDowngraded
    Wells FargoUnderweightMaintained
    BarclaysEqual-WeightInitiated
    NeedhamBuyInitiated
    Morgan StanleyEqual-WeightMaintained
    Craig-HallumHoldDowngraded
    Craig-HallumBuyMaintained
    RosenblattNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Wells FargoUnderweightDowngraded
    NeedhamBuyMaintained
    NeedhamBuyMaintained
    Summit Insights GroupBuyUpgraded
    RosenblattNeutralMaintained
    MizuhoNeutralInitiated
    Evercore ISI GroupOutperformInitiated
    RosenblattNeutralMaintained
    RosenblattNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Wells FargoEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Craig-HallumHoldMaintained
    BairdOutperformMaintained
    B. Riley FBRSellMaintained
    NeedhamBuyMaintained
    RosenblattNeutralMaintained
    BTIGBuyInitiated
    B. RileySellDowngraded
    Morgan StanleyEqual-WeightMaintained
    Wells FargoEqual-WeightInitiated
    Morgan StanleyEqual-WeightDowngraded
    Summit Insights GroupBuyUpgraded
    B. RileyNeutralUpgraded
    Morgan StanleyOverweightMaintained
    Bank of AmericaNeutralMaintained
    B. Riley FBRSellDowngraded
    RosenblattNeutralDowngraded
    Dougherty & Co.NeutralDowngraded
    Bank of AmericaNeutralMaintained
    GuggenheimNeutralInitiated
    B. Riley FBRNeutralMaintained
    Stifel NicolausBuyInitiated
    Bank of AmericaNeutralDowngraded
    Morgan StanleyOverweightMaintained
    OppenheimerOutperformInitiated
    Bank of AmericaBuyReiterated
    Morgan StanleyOverweightUpgraded
    Summit Redstone PartnersHoldDowngraded
    Craig-HallumHoldDowngraded
    Morgan StanleyEqual-WeightInitiated
    BairdOutperformUpgraded
    BairdNeutralInitiated
    NeedhamBuyInitiated
    BarclaysOverweightMaintained
    Summit Research PartnersBuyInitiated
    BarclaysOverweightMaintained
    B. Riley FBRNeutralMaintained
    Canaccord GenuityBuyInitiated
    B. Riley FBRNeutralDowngraded
    B. Riley FBRBuyUpgraded
    BarclaysOverweightMaintained
    B. Riley FBRNeutralMaintained
    BarclaysOverweightMaintained
    Deutsche BankBuyInitiated
    BarclaysOverweightInitiated
    Bank of AmericaBuyInitiated
    Northland SecuritiesMarket PerformDowngraded

    8X8 Inc. (EGHT) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.025
    The average consensus EPS for EGHT is $0.025 with a high estimate of $0.042 and Low of $0.018 for the period 2022-03-31 and based on 18 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.01$0.00712022-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.0152022-09-30
    $0.01$0.00712022-06-30
    $0.01$0.00412022-03-31
    $0$-0.00972021-12-31
    $-0.02$-0.02982021-09-30
    $-0.03$-0.07372021-06-30
    $-0.07$-0.12632021-03-31
    $-0.12$-0.1462020-12-31
    $-0.17$-0.17462020-09-30
    $-0.16$-0.17292020-06-30
    $-0.14$-0.17822020-03-31
    $-0.09$-0.07632019-12-31
    $-0.06$-0.05832019-09-30
    $-0.04$-0.04912019-06-30
    $-0.04$-0.04762019-03-31
    $-0.03$0.00092018-12-31
    $0.02$0.01112018-09-30
    $0.03$0.01852018-06-30
    $0.02$0.03252018-03-31
    $0.05$0.03252017-12-31
    $0.06$0.04082017-09-30
    $0.06$0.03252017-06-30
    $0.06$0.03062017-03-31
    $0.03$0.02452016-12-31
    $0.05$0.02832016-09-30
    $0.03$0.03062016-06-30
    $0.04$0.03062016-03-31
    $0.05$0.04082015-12-31
    $0.04$0.04082015-09-30
    $0.05$0.03062015-06-30
    $0.03$0.03062015-03-31
    $0.04$0.02932014-12-31
    $0.03$0.03882014-09-30
    $0.05$0.06272014-06-30
    $0.06$0.05612014-03-31
    $0.05$0.05682013-12-31
    $0.05$0.0512013-09-30
    $0.05$0.04692013-06-30
    $0.05$0.03262013-03-31
    $0.03$0.03062012-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).