8×8 Inc (EGHT) Receives Price Target

8×8 Inc (EGHT) : 10 Wall Street analysts covering 8×8 Inc (EGHT) believe that the average level the stock could reach for the short term is $16.5. The maximum price target given is $18 and the minimum target for short term is around $14, hence the standard deviation is calculated at $1.35.

8×8 Inc (EGHT) : Zacks Investment Research ranks 8×8 Inc (EGHT) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.55, which indicates as a Buy.


Also, Baird initiates coverage on 8×8 Inc (NASDAQ:EGHT). In the latest research report, Baird announces the target price to $15 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

8×8 Inc (NASDAQ:EGHT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.24 and $13.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.37, notching a gain of 0.75% for the day. The total traded volume was 591,125 . The stock had closed at $13.27 on the previous day.

8×8, Inc. (8×8) offers Software as a Service (SaaS) communication solution. The Company is engaged in business cloud communications and development and use of Internet protocol voice, video and data communication technologies in a true SaaS model. The 8×8 unified cloud communications solution addresses the shortcomings of legacy and point solution cloud services through its pure cloud Software as a Service offering. The Companys Infrastructure Manager abstracts complex global interconnectivity between Voice over Internet Protocol (VoIP) and traditional public switched telephone network (PSTN) providing customers with a phone system that can reach any phone in the world whether wireless or wireline. Its Integration Manager integrates with third-party applications, including Salesforce.com, Microsoft Dynamics, NetSuite, Zendesk and many others, to provide integrated applications functionality within its communications and collaboration services.

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