8x8 (EGHT) Stock Forecast, Price Target & Predictions
EGHT Stock Forecast
8x8 stock forecast is as follows: an average price target of $25.57 (represents a 1352.84% upside from EGHT’s last price of $1.76) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
EGHT Price Target
EGHT Analyst Ratings
8x8 Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Jun 14, 2024 | Meta Marshall | Morgan Stanley | $2.00 | $2.31 | -13.61% | 13.64% |
May 13, 2022 | Michael Turrin | Wells Fargo | $8.00 | $8.20 | -2.38% | 354.55% |
Apr 28, 2022 | Ryan MacWilliams | Barclays | $10.00 | $9.68 | 3.31% | 468.18% |
Jan 24, 2022 | Ryan MacWilliams | Barclays | $17.00 | $16.23 | 4.74% | 865.91% |
Aug 05, 2021 | Nikolay Beliov | Goldman Sachs | $30.00 | $25.57 | 17.32% | 1604.55% |
May 12, 2021 | Peter Levine | Evercore ISI | $46.00 | $24.34 | 88.99% | 2513.64% |
May 11, 2021 | Michael Latimore | Northland Securities | $33.00 | $25.19 | 31.00% | 1775.00% |
May 10, 2021 | Timothy Horan | Oppenheimer | $50.00 | $28.14 | 77.68% | 2740.91% |
8x8 Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 1 | 1 |
Avg Price Target | - | $2.00 | $2.00 |
Last Closing Price | $1.76 | $1.76 | $1.76 |
Upside/Downside | -100.00% | 13.64% | 13.64% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Aug 09, 2024 | Wells Fargo | Buy | Buy | Hold |
Jun 21, 2024 | Wells Fargo | Buy | Buy | Hold |
Jun 21, 2024 | Needham | Underperform | Underperform | Hold |
Jun 14, 2024 | Morgan Stanley | Underperform | Underweight | Downgrade |
May 20, 2024 | Morgan Stanley | Underperform | Underperform | Hold |
May 20, 2024 | Needham | Buy | Buy | Hold |
Mar 18, 2024 | Rosenblatt Securities | Buy | Buy | Hold |
Jan 18, 2024 | Needham | Buy | Buy | Hold |
May 12, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
May 12, 2023 | Wells Fargo | Underweight | Underweight | Hold |
8x8 Financial Forecast
8x8 Revenue Forecast
Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | $181.01M | $185.00M | $183.29M | $184.53M | $184.40M | $187.39M | - | $156.87M | $151.56M | $148.33M | $144.72M | $136.69M | $129.13M | $121.81M | $121.48M | $118.57M | $109.52M | $96.67M | $93.77M | $89.91M | $85.68M |
Avg Forecast | $186.27M | $185.05M | $181.65M | $180.66M | $182.84M | $181.27M | $178.38M | $178.40M | $178.85M | $182.59M | $183.64M | $187.09M | $185.53M | $186.13M | $186.55M | $187.62M | $181.31M | $148.71M | $148.33M | $140.03M | $132.81M | $301.31M | $208.81M | $141.72M | $118.57M | $116.36M | $117.39M | $72.93M | $89.91M | $107.13M |
High Forecast | $188.29M | $187.06M | $183.63M | $182.62M | $184.83M | $183.24M | $178.58M | $180.34M | $180.80M | $184.02M | $185.07M | $189.13M | $187.55M | $188.15M | $188.58M | $225.14M | $217.57M | $178.45M | $177.99M | $168.04M | $159.37M | $361.57M | $250.57M | $170.07M | $142.28M | $139.63M | $140.87M | $87.52M | $107.89M | $128.55M |
Low Forecast | $185.31M | $184.09M | $180.71M | $179.72M | $181.90M | $180.33M | $178.07M | $177.48M | $177.93M | $181.65M | $180.69M | $186.13M | $184.58M | $185.17M | $185.59M | $150.10M | $145.05M | $118.97M | $118.66M | $112.02M | $106.25M | $241.05M | $167.05M | $113.38M | $94.85M | $93.09M | $93.91M | $58.34M | $71.93M | $85.70M |
# Analysts | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 12 | 9 | 9 | 5 | 5 | 11 | 15 | 12 | 15 | 11 | 16 | 15 | 13 | 19 | 18 | 15 | 19 | 9 | 19 | 17 |
Surprise % | - | - | - | - | - | - | - | - | - | 0.99% | 1.01% | 0.98% | 0.99% | 0.99% | 1.00% | - | 0.87% | 1.02% | 1.00% | 1.03% | 1.03% | 0.43% | 0.58% | 0.86% | 1.00% | 0.94% | 0.82% | 1.29% | 1.00% | 0.80% |
8x8 EBITDA Forecast
Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 12 | 9 | 9 | 5 | 5 | 11 | 15 | 12 | 15 | 11 | 16 | 15 | 13 | 19 | 18 | 15 | 19 | 9 | 19 | 17 |
EBITDA | - | - | - | - | - | - | - | - | - | $-9.39M | $-2.58M | $-1.41M | $15.41M | $-5.51M | $-11.38M | - | $-32.43M | $-30.51M | $-32.20M | $-33.88M | $-28.42M | $-26.91M | $-30.42M | $-38.94M | $-37.25M | $-31.66M | $-26.46M | $-20.69M | $-17.03M | $-15.69M |
Avg Forecast | $-22.39M | $-22.24M | $-21.83M | $-21.71M | $-21.97M | $-21.79M | $-21.44M | $-21.44M | $-1.71B | $-21.95M | $-22.07M | $-22.49M | $-1.55B | $-22.37M | $-24.52M | $-11.41M | $-35.68M | $-22.29M | $-18.48M | $-1.23B | $-37.90M | $-38.05M | $-38.78M | $-44.50M | $-37.25M | $-33.52M | $-31.13M | $-14.78M | $-17.03M | $-18.83M |
High Forecast | $-22.27M | $-22.13M | $-21.72M | $-21.60M | $-21.86M | $-21.67M | $-21.40M | $-21.33M | $-1.37B | $-21.83M | $-21.72M | $-22.37M | $-1.24B | $-22.25M | $-19.62M | $-9.13M | $-28.54M | $-17.83M | $-14.78M | $-981.34M | $-30.32M | $-30.44M | $-31.03M | $-35.60M | $-29.80M | $-26.82M | $-24.91M | $-11.82M | $-13.62M | $-15.07M |
Low Forecast | $-22.63M | $-22.48M | $-22.07M | $-21.95M | $-22.21M | $-22.02M | $-21.46M | $-21.67M | $-2.05B | $-22.12M | $-22.24M | $-22.73M | $-1.86B | $-22.61M | $-29.43M | $-13.69M | $-42.81M | $-26.75M | $-22.18M | $-1.47B | $-45.48M | $-45.66M | $-46.54M | $-53.40M | $-44.70M | $-40.23M | $-37.36M | $-17.74M | $-20.43M | $-22.60M |
Surprise % | - | - | - | - | - | - | - | - | - | 0.43% | 0.12% | 0.06% | -0.01% | 0.25% | 0.46% | - | 0.91% | 1.37% | 1.74% | 0.03% | 0.75% | 0.71% | 0.78% | 0.88% | 1.00% | 0.94% | 0.85% | 1.40% | 1.00% | 0.83% |
8x8 Net Income Forecast
Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 12 | 9 | 9 | 5 | 5 | 11 | 15 | 12 | 15 | 11 | 16 | 15 | 13 | 19 | 18 | 15 | 19 | 9 | 19 | 17 |
Net Income | - | - | - | - | - | - | - | - | - | $-21.22M | $-7.45M | $-15.33M | $-9.43M | $-26.03M | $-11.64M | - | $-43.57M | $-42.32M | $-43.91M | $-45.03M | $-40.23M | $-38.41M | $-41.91M | $-50.10M | $-47.07M | $-40.93M | $-34.27M | $-28.13M | $-23.77M | $-21.48M |
Avg Forecast | $13.07M | $14.02M | $12.28M | $13.02M | $10.60M | $10.92M | $10.18M | $11.09M | $-2.27B | $13.51M | $10.98M | $15.75M | $-2.06B | $2.91M | $-34.02M | $-26.04M | $-47.93M | $-30.93M | $-25.20M | $-1.63B | $-53.63M | $-54.33M | $-53.44M | $-57.26M | $-47.07M | $-43.34M | $-40.31M | $-20.09M | $-23.77M | $-25.78M |
High Forecast | $13.26M | $14.22M | $12.46M | $13.20M | $10.75M | $11.07M | $11.46M | $11.25M | $-1.82B | $14.87M | $13.72M | $15.98M | $-1.65B | $2.95M | $-27.22M | $-20.83M | $-38.34M | $-24.74M | $-20.16M | $-1.30B | $-42.91M | $-43.46M | $-42.75M | $-45.81M | $-37.66M | $-34.67M | $-32.25M | $-16.07M | $-19.02M | $-20.62M |
Low Forecast | $12.98M | $13.92M | $12.20M | $12.93M | $10.53M | $10.85M | $6.37M | $11.02M | $-2.72B | $10.81M | $8.23M | $15.65M | $-2.48B | $2.89M | $-40.83M | $-31.25M | $-57.51M | $-37.11M | $-30.24M | $-1.96B | $-64.36M | $-65.19M | $-64.13M | $-68.71M | $-56.49M | $-52.01M | $-48.37M | $-24.11M | $-28.53M | $-30.93M |
Surprise % | - | - | - | - | - | - | - | - | - | -1.57% | -0.68% | -0.97% | 0.00% | -8.95% | 0.34% | - | 0.91% | 1.37% | 1.74% | 0.03% | 0.75% | 0.71% | 0.78% | 0.88% | 1.00% | 0.94% | 0.85% | 1.40% | 1.00% | 0.83% |
8x8 SG&A Forecast
Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 12 | 9 | 9 | 5 | 5 | 11 | 15 | 12 | 15 | 11 | 16 | 15 | 13 | 19 | 18 | 15 | 19 | 9 | 19 | 17 |
SG&A | - | - | - | - | - | - | - | - | - | $90.42M | $96.27M | $94.73M | $89.29M | $106.18M | $114.32M | - | $106.75M | $100.75M | $102.01M | $98.37M | $87.83M | $84.17M | $85.94M | $89.86M | $85.65M | $78.33M | $73.21M | $39.41M | $74.91M | $72.47M |
Avg Forecast | $118.27M | $117.50M | $115.34M | $114.71M | $116.10M | $115.10M | $113.27M | $113.28M | $113.57M | $115.94M | $116.60M | $118.80M | $117.81M | $118.19M | $80.99M | $112.75M | $117.42M | $73.62M | $58.54M | $94.13M | $117.11M | $119.04M | $109.57M | $102.69M | $85.65M | $82.94M | $86.12M | $28.15M | $74.91M | $86.97M |
High Forecast | $119.56M | $118.78M | $116.60M | $115.96M | $117.36M | $116.35M | $113.39M | $114.51M | $114.80M | $116.85M | $117.51M | $120.09M | $119.09M | $119.47M | $97.18M | $135.30M | $140.91M | $88.35M | $70.25M | $112.96M | $140.53M | $142.85M | $131.49M | $123.23M | $102.78M | $99.53M | $103.35M | $33.78M | $89.90M | $104.36M |
Low Forecast | $117.66M | $116.89M | $114.75M | $114.12M | $115.50M | $114.50M | $113.07M | $112.70M | $112.98M | $115.34M | $114.73M | $118.18M | $117.20M | $117.58M | $64.79M | $90.20M | $93.94M | $58.90M | $46.83M | $75.30M | $93.69M | $95.23M | $87.66M | $82.15M | $68.52M | $66.35M | $68.90M | $22.52M | $59.93M | $69.57M |
Surprise % | - | - | - | - | - | - | - | - | - | 0.78% | 0.83% | 0.80% | 0.76% | 0.90% | 1.41% | - | 0.91% | 1.37% | 1.74% | 1.05% | 0.75% | 0.71% | 0.78% | 0.88% | 1.00% | 0.94% | 0.85% | 1.40% | 1.00% | 0.83% |
8x8 EPS Forecast
Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 12 | 9 | 9 | 5 | 5 | 11 | 15 | 12 | 15 | 11 | 16 | 15 | 13 | 19 | 18 | 15 | 19 | 9 | 19 | 17 |
EPS | - | - | - | - | - | - | - | - | - | $-0.17 | $-0.06 | $-0.13 | $-0.08 | $-0.23 | $-0.10 | - | $-0.38 | $-0.38 | $-0.40 | $-0.42 | $-0.38 | $-0.37 | $-0.40 | $-0.49 | $-0.47 | $-0.42 | $-0.36 | $-0.29 | $-0.25 | $-0.23 |
Avg Forecast | $0.10 | $0.11 | $0.10 | $0.10 | $0.08 | $0.09 | $0.08 | $0.09 | $0.07 | $0.11 | $0.09 | $0.13 | $0.09 | $0.02 | $0.03 | $1.15 | $1.89 | $1.25 | $1.01 | $-0.36 | $-0.04 | $-0.10 | $-0.15 | $-0.16 | $-0.17 | $-0.18 | $-0.20 | $-0.05 | $-0.06 | $-0.06 |
High Forecast | $0.11 | $0.11 | $0.10 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.07 | $0.12 | $0.11 | $0.13 | $0.09 | $0.02 | $0.03 | $1.16 | $1.96 | $1.29 | $1.05 | $-0.29 | $-0.03 | $-0.08 | $-0.12 | $-0.13 | $-0.14 | $-0.14 | $-0.16 | $-0.04 | $-0.05 | $-0.05 |
Low Forecast | $0.10 | $0.11 | $0.10 | $0.10 | $0.08 | $0.09 | $0.05 | $0.09 | $0.07 | $0.09 | $0.07 | $0.12 | $0.09 | $0.02 | $0.03 | $1.14 | $1.85 | $1.22 | $0.99 | $-0.43 | $-0.05 | $-0.12 | $-0.18 | $-0.19 | $-0.20 | $-0.22 | $-0.24 | $-0.06 | $-0.07 | $-0.07 |
Surprise % | - | - | - | - | - | - | - | - | - | -1.58% | -0.71% | -1.04% | -0.89% | -9.97% | -2.98% | - | -0.20% | -0.31% | -0.40% | 1.17% | 9.50% | 3.70% | 2.67% | 3.06% | 2.76% | 2.33% | 1.80% | 5.80% | 4.17% | 3.83% |
8x8 Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
EGHT | 8x8 | $1.76 | $25.57 | 1352.84% | Buy |
APPS | Digital Turbine | $2.84 | $40.00 | 1308.45% | Buy |
BILL | Bill.com | $55.06 | $148.48 | 169.67% | Buy |
SPT | Sprout Social | $27.08 | $65.40 | 141.51% | Buy |
KC | Kingsoft Cloud | $2.09 | $4.97 | 137.80% | Buy |
FRSH | Freshworks | $11.35 | $22.08 | 94.54% | Buy |
PD | PagerDuty | $17.78 | $30.13 | 69.46% | Buy |
NICE | NICE | $159.14 | $268.42 | 68.67% | Buy |
AYX | Alteryx | $48.26 | $80.86 | 67.55% | Buy |
BRZE | Braze | $35.57 | $58.92 | 65.65% | Buy |
MITK | Mitek Systems | $8.60 | $14.13 | 64.30% | Buy |
GBTG | Global Business Travel Group | $6.99 | $8.50 | 21.60% | Buy |
EVBG | Everbridge | $35.00 | $41.83 | 19.51% | Hold |
GTLB | GitLab | $53.09 | $63.20 | 19.04% | Buy |
DT | Dynatrace | $50.18 | $59.21 | 18.00% | Buy |
ADSK | Autodesk | $250.37 | $282.68 | 12.90% | Buy |
SMAR | Smartsheet | $52.27 | $56.69 | 8.46% | Buy |
WDAY | Workday | $254.60 | $264.63 | 3.94% | Buy |
CWAN | Clearwater Analytics | $23.81 | $22.50 | -5.50% | Buy |
EGHT Forecast FAQ
Is 8x8 a good buy?
Yes, according to 6 Wall Street analysts, 8x8 (EGHT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 83.33% of EGHT's total ratings.
What is EGHT's price target?
8x8 (EGHT) average price target is $25.57 with a range of $2 to $50, implying a 1352.84% from its last price of $1.76. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will 8x8 stock go up soon?
According to Wall Street analysts' prediction for EGHT stock, the company can go up by 1352.84% (from the last price of $1.76 to the average price target of $25.57), up by 2740.91% based on the highest stock price target, and up by 13.64% based on the lowest stock price target.
Can 8x8 stock reach $3?
EGHT's average twelve months analyst stock price target of $25.57 supports the claim that 8x8 can reach $3 in the near future.
What are 8x8's analysts' financial forecasts?
8x8's analysts financial forecasts for the fiscal year (Mar 2025) are as follows: average revenue is $720.89M (high $727M, low $717.78M), average EBITDA is $-86.641M (high $-86.267M, low $-87.374M), average net income is $42.8M (high $44.54M, low $38.77M), average SG&A $457.74M (high $461.62M, low $455.77M), and average EPS is $0.34 (high $0.353, low $0.308). EGHT's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $733.62M (high $741.6M, low $729.84M), average EBITDA is $-88.171M (high $-87.716M, low $-89.13M), average net income is $52.39M (high $53.13M, low $52.04M), average SG&A $465.83M (high $470.89M, low $463.42M), and average EPS is $0.416 (high $0.422, low $0.413).
Did the EGHT's actual financial results beat the analysts' financial forecasts?
Based on 8x8's last annual report (Mar 2023), the company's revenue was $743.94M, which missed the average analysts forecast of $745.83M by -0.25%. Apple's EBITDA was $-14.011M, missing the average prediction of $-1.61B by -99.13%. The company's net income was $-73.143M, missing the average estimation of $-2.12B by -96.55%. Apple's SG&A was $422.54M, missing the average forecast of $429.73M by -1.67%. Lastly, the company's EPS was $-0.63, missing the average prediction of $1.3 by -148.34%. In terms of the last quarterly report (Dec 2023), 8x8's revenue was $181.01M, missing the average analysts' forecast of $182.59M by -0.87%. The company's EBITDA was $-9.391M, missing the average prediction of $-21.945M by -57.21%. 8x8's net income was $-21.222M, missing the average estimation of $13.51M by -257.03%. The company's SG&A was $90.42M, missing the average forecast of $115.94M by -22.02%. Lastly, the company's EPS was $-0.17, missing the average prediction of $0.107 by -258.49%