8x8 (EGHT) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

EGHT Stock Forecast

8x8 stock forecast is as follows: an average price target of $3.00 (represents a 10.29% upside from EGHT’s last price of $2.72) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

EGHT Price Target

The average price target for 8x8 (EGHT) is $3.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $3.50 to $2.50. This represents a potential 10.29% upside from EGHT's last price of $2.72.

EGHT Analyst Ratings

Buy

According to 6 Wall Street analysts, 8x8's rating consensus is 'Buy'. The analyst rating breakdown for EGHT stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 0 'Hold' (0.00%), 2 'Sell' (33.33%), and 0 'Strong Sell' (0.00%).

8x8 Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 05, 2024	William Power	Robert W. Baird	$3.00	$2.86	4.90%	10.29%
Nov 05, 2024	Ryan MacWilliams	Barclays	$2.50	$2.75	-9.09%	-8.09%
Oct 28, 2024	Catharine Trebnick	Rosenblatt Securities	$3.50	$2.03	72.41%	28.68%
Jun 14, 2024	Meta Marshall	Morgan Stanley	$2.00	$2.31	-13.61%	-26.47%
May 13, 2022	Michael Turrin	Wells Fargo	$8.00	$8.20	-2.38%	194.12%
Apr 28, 2022	Ryan MacWilliams	Barclays	$10.00	$9.68	3.31%	267.65%
Jan 24, 2022	Ryan MacWilliams	Barclays	$17.00	$16.23	4.74%	525.00%
Aug 05, 2021	Nikolay Beliov	Goldman Sachs	$30.00	$25.57	17.32%	1002.94%
May 12, 2021	Peter Levine	Evercore ISI	$46.00	$24.34	88.99%	1591.18%
May 11, 2021	Michael Latimore	Northland Securities	$33.00	$25.19	31.00%	1113.24%
May 10, 2021	Timothy Horan	Oppenheimer	$50.00	$28.14	77.68%	1738.24%

The latest 8x8 stock forecast, released on Nov 05, 2024 by William Power from Robert W. Baird, set a price target of $3.00, which represents a 4.90% increase from the stock price at the time of the forecast ($2.86), and a 10.29% increase from EGHT last price ($2.72).

8x8 Price Target by Period

	1M	3M	12M
# Anlaysts	-	3	4
Avg Price Target	-	$3.00	$2.75
Last Closing Price	$2.72	$2.72	$2.72
Upside/Downside	-100.00%	10.29%	1.10%

In the current month, the average price target of 8x8 stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to 8x8's last price of $2.72. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 05, 2024	Barclays	Sell	Sell	Hold
Oct 24, 2024	Rosenblatt Securities	Buy	Buy	Hold
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	Needham	Buy	Buy	Hold
May 20, 2024	Morgan Stanley	Underperform	Underperform	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
May 12, 2023	Barclays	Overweight	Overweight	Hold
Aug 08, 2022	Bank of America Securities		Buy	Upgrade
Aug 05, 2022	Craig-Hallum		Buy	Upgrade
May 13, 2022	Wells Fargo	Underweight	Underweight	Hold
Apr 26, 2022	Barclays	Equal-Weight	Equal-Weight	Hold
Feb 22, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold

8x8's last stock rating was published by Barclays on Nov 05, 2024. The company gave EGHT a "Sell" rating, the same as its previous rate.

8x8 Financial Forecast

8x8 Revenue Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$181.01M	$185.00M	$183.29M	$184.53M	$184.40M	$187.39M	$187.62M	$181.37M	$156.87M	$151.56M	$148.33M	$144.72M	$136.69M	$129.13M	$121.81M	$121.48M	$118.57M
Avg Forecast	$184.80M	$181.50M	$178.20M	$177.90M	$184.80M	$183.75M	$183.00M	$180.80M	$181.90M	$179.31M	$178.31M	$178.40M	$178.85M	$182.59M	$183.64M	$187.09M	$185.53M	$186.13M	$186.55M	$186.76M	$181.55M	$153.98M	$148.29M	$142.97M	$140.03M	$132.82M	$126.04M	$120.65M	$119.33M	$114.10M
High Forecast	$186.42M	$183.09M	$179.76M	$179.46M	$186.42M	$185.36M	$184.60M	$182.38M	$183.88M	$179.82M	$178.35M	$178.65M	$178.85M	$184.02M	$185.07M	$188.73M	$187.16M	$187.76M	$186.55M	$186.76M	$181.55M	$153.98M	$148.29M	$142.97M	$140.03M	$132.82M	$126.04M	$120.65M	$119.33M	$114.10M
Low Forecast	$183.10M	$179.83M	$176.56M	$176.27M	$183.10M	$182.06M	$181.32M	$179.14M	$180.38M	$178.70M	$178.28M	$178.15M	$178.85M	$181.65M	$180.69M	$185.37M	$183.83M	$184.42M	$186.55M	$186.76M	$181.55M	$153.98M	$148.29M	$142.97M	$140.03M	$132.82M	$126.04M	$120.65M	$119.33M	$114.10M
# Analysts	4	4	4	4	4	3	3	3	5	5	4	1	1	3	12	9	9	5	5	5	5	6	6	6	6	10	16	8	11	7
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	1.01%	0.98%	0.99%	0.99%	1.00%	1.00%	1.00%	1.02%	1.02%	1.04%	1.03%	1.03%	1.02%	1.01%	1.02%	1.04%

8x8's average Quarter revenue forecast for Mar 24 based on 1 analysts is $178.85M, with a low forecast of $178.85M, and a high forecast of $178.85M. EGHT's average Quarter revenue forecast represents a -1.19% decrease compared to the company's last Quarter revenue of $181.01M (Dec 23).

8x8 EBITDA Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	4	4	4	4	4	3	3	3	5	5	4	1	1	3	12	9	9	5	5	5	5	6	6	6	6	10	16	8	11	7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-9.39M	$-2.58M	$-1.41M	$15.41M	$-5.51M	$-11.38M	$-12.53M	$-26.07M	$-32.43M	$-30.51M	$-32.20M	$-33.88M	$-28.42M	$-26.91M	$-30.42M	$-38.94M	$-37.25M
Avg Forecast	$-20.88M	$-20.51M	$-20.13M	$-20.10M	$-20.88M	$-20.76M	$-20.68M	$-20.43M	$-20.55M	$-20.26M	$-20.15M	$-20.16M	$-1.71B	$-20.63M	$-20.75M	$-21.14M	$-1.55B	$-39.24M	$-22.42M	$-11.41M	$-21.82M	$-18.51M	$-17.82M	$-17.18M	$-1.23B	$-15.96M	$-15.15M	$-14.50M	$-44.50M	$-13.71M
High Forecast	$-20.69M	$-20.32M	$-19.95M	$-19.91M	$-20.69M	$-20.57M	$-20.49M	$-20.24M	$-20.38M	$-20.19M	$-20.14M	$-20.13M	$-1.37B	$-20.52M	$-20.41M	$-20.94M	$-1.24B	$-31.40M	$-22.42M	$-9.13M	$-21.82M	$-18.51M	$-17.82M	$-17.18M	$-981.34M	$-15.96M	$-15.15M	$-14.50M	$-35.60M	$-13.71M
Low Forecast	$-21.06M	$-20.69M	$-20.31M	$-20.28M	$-21.06M	$-20.94M	$-20.86M	$-20.61M	$-20.77M	$-20.32M	$-20.15M	$-20.18M	$-2.05B	$-20.79M	$-20.91M	$-21.32M	$-1.86B	$-47.09M	$-22.42M	$-13.69M	$-21.82M	$-18.51M	$-17.82M	$-17.18M	$-1.47B	$-15.96M	$-15.15M	$-14.50M	$-53.40M	$-13.71M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46%	0.12%	0.07%	-0.01%	0.14%	0.51%	1.10%	1.19%	1.75%	1.71%	1.87%	0.03%	1.78%	1.78%	2.10%	0.88%	2.72%

9 analysts predict EGHT's average Quarter EBITDA for Jun 23 to be $-21.14M, with a high of $-20.94M and a low of $-21.32M. This is -237.20% lower than 8x8's previous annual EBITDA (Mar 23) of $15.41M.

8x8 Net Income Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	4	4	4	4	4	3	3	3	5	5	4	1	1	3	12	9	9	5	5	5	5	6	6	6	6	10	16	8	11	7
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-21.22M	$-7.45M	$-15.33M	$-9.43M	$-26.03M	$-11.64M	$-26.04M	$-45.58M	$-43.57M	$-42.32M	$-43.91M	$-45.03M	$-40.23M	$-38.41M	$-41.91M	$-50.10M	$-47.07M
Avg Forecast	$15.51M	$14.22M	$11.63M	$11.63M	$13.41M	$13.89M	$14.79M	$14.07M	$9.82M	$11.12M	$10.34M	$11.38M	$-2.27B	$13.86M	$11.26M	$16.16M	$-2.06B	$-52.72M	$4.22M	$-26.04M	$455.99K	$1.86M	$886.40K	$504.75K	$-1.63B	$-3.71M	$-9.04M	$-15.51M	$-57.26M	$-21.59M
High Forecast	$15.69M	$14.38M	$11.76M	$11.76M	$13.56M	$14.05M	$14.96M	$14.23M	$9.93M	$12.50M	$10.40M	$11.51M	$-1.82B	$15.25M	$14.07M	$16.34M	$-1.65B	$-42.18M	$4.22M	$-20.83M	$455.99K	$1.86M	$886.40K	$504.75K	$-1.30B	$-3.71M	$-9.04M	$-15.51M	$-45.81M	$-21.59M
Low Forecast	$15.33M	$14.05M	$11.49M	$11.49M	$13.25M	$13.73M	$14.61M	$13.91M	$8.60M	$10.98M	$10.28M	$11.25M	$-2.72B	$11.09M	$8.44M	$15.97M	$-2.48B	$-63.27M	$4.22M	$-31.25M	$455.99K	$1.86M	$886.40K	$504.75K	$-1.96B	$-3.71M	$-9.04M	$-15.51M	$-68.71M	$-21.59M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.53%	-0.66%	-0.95%	0.00%	0.49%	-2.76%	1.00%	-99.96%	-23.41%	-47.75%	-86.99%	0.03%	10.85%	4.25%	2.70%	0.88%	2.18%

8x8's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. EGHT's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

8x8 SG&A Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	4	4	4	4	4	3	3	3	5	5	4	1	1	3	12	9	9	5	5	5	5	6	6	6	6	10	16	8	11	7
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$90.42M	$96.27M	$94.73M	$89.29M	$106.18M	$114.32M	$112.75M	$122.82M	$106.75M	$100.75M	$102.01M	$98.37M	$87.83M	$84.17M	$85.94M	$89.86M	$85.65M
Avg Forecast	$117.34M	$115.25M	$113.15M	$112.96M	$117.34M	$116.67M	$116.20M	$114.80M	$115.50M	$113.85M	$113.22M	$113.28M	$113.57M	$115.94M	$116.60M	$118.80M	$117.81M	$129.16M	$118.45M	$112.75M	$115.28M	$97.77M	$94.16M	$90.78M	$88.92M	$84.34M	$80.03M	$76.61M	$102.69M	$72.45M
High Forecast	$118.37M	$116.26M	$114.14M	$113.95M	$118.37M	$117.70M	$117.22M	$115.81M	$116.76M	$114.18M	$113.24M	$113.44M	$113.57M	$116.85M	$117.51M	$119.84M	$118.84M	$155.00M	$118.45M	$135.30M	$115.28M	$97.77M	$94.16M	$90.78M	$88.92M	$84.34M	$80.03M	$76.61M	$123.23M	$72.45M
Low Forecast	$116.26M	$114.19M	$112.11M	$111.92M	$116.26M	$115.60M	$115.13M	$113.75M	$114.54M	$113.47M	$113.20M	$113.12M	$113.57M	$115.34M	$114.73M	$117.71M	$116.73M	$103.33M	$118.45M	$90.20M	$115.28M	$97.77M	$94.16M	$90.78M	$88.92M	$84.34M	$80.03M	$76.61M	$82.15M	$72.45M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.78%	0.83%	0.80%	0.76%	0.82%	0.97%	1.00%	1.07%	1.09%	1.07%	1.12%	1.11%	1.04%	1.05%	1.12%	0.88%	1.18%

8x8's average Quarter SG&A projection for Mar 24 is $113.57M, based on 1 Wall Street analysts, with a range of $113.57M to $113.57M. The forecast indicates a 25.60% rise compared to EGHT last annual SG&A of $90.42M (Dec 23).

8x8 EPS Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	4	4	4	4	4	3	3	3	5	5	4	1	1	3	12	9	9	5	5	5	5	6	6	6	6	10	16	8	11	7
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.17	$-0.06	$-0.13	$-0.08	$-0.23	$-0.10	$-0.22	$-0.39	$-0.38	$-0.38	$-0.40	$-0.42	$-0.38	$-0.37	$-0.40	$-0.49	$-0.47
Avg Forecast	$0.12	$0.11	$0.09	$0.09	$0.10	$0.11	$0.11	$0.11	$0.08	$0.09	$0.08	$0.09	$0.07	$0.11	$0.09	$0.13	$0.09	$0.02	$0.03	$0.03	-	$0.01	$0.01	-	$-0.01	$-0.03	$-0.07	$-0.12	$-0.14	$-0.17
High Forecast	$0.12	$0.11	$0.09	$0.09	$0.10	$0.11	$0.12	$0.11	$0.08	$0.10	$0.08	$0.09	$0.07	$0.12	$0.11	$0.13	$0.09	$0.02	$0.03	$0.03	-	$0.01	$0.01	-	$-0.01	$-0.03	$-0.07	$-0.12	$-0.14	$-0.17
Low Forecast	$0.12	$0.11	$0.09	$0.09	$0.10	$0.11	$0.11	$0.11	$0.07	$0.08	$0.08	$0.09	$0.07	$0.09	$0.07	$0.12	$0.09	$0.02	$0.03	$0.03	-	$0.01	$0.01	-	$-0.01	$-0.03	$-0.07	$-0.12	$-0.14	$-0.17
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.58%	-0.71%	-1.04%	-0.89%	-9.97%	-2.98%	-7.37%	-107.76%	-25.73%	-54.02%	-99.85%	44.80%	12.92%	5.16%	3.25%	3.42%	2.74%

According to undefined Wall Street analysts, 8x8's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to EGHT previous annual EPS of $NaN (undefined).

8x8 Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
APPS	Digital Turbine	$1.46	$40.00	2639.73%	Buy
SPT	Sprout Social	$34.70	$50.67	46.02%	Buy
NICE	NICE	$189.87	$245.00	29.04%	Buy
PD	PagerDuty	$19.60	$22.67	15.66%	Buy
MITK	Mitek Systems	$10.93	$12.63	15.55%	Buy
BRZE	Braze	$44.75	$51.29	14.61%	Buy
WEAV	Weave Communications	$15.92	$17.50	9.92%	Buy
EGHT	8x8	$2.77	$3.00	8.30%	Buy
GTLB	GitLab	$59.14	$64.00	8.22%	Buy
DT	Dynatrace	$55.50	$59.50	7.21%	Buy
FRSH	Freshworks	$16.79	$18.00	7.21%	Buy
CWAN	Clearwater Analytics	$29.55	$31.33	6.02%	Buy
WDAY	Workday	$278.01	$289.50	4.13%	Buy
ADSK	Autodesk	$302.82	$309.31	2.14%	Buy
SMAR	Smartsheet	$55.96	$56.64	1.22%	Hold
GBTG	Global Business Travel Group	$9.14	$8.50	-7.00%	Buy
BILL	Bill.com	$87.46	$63.82	-27.03%	Buy
KC	Kingsoft Cloud	$8.49	$3.20	-62.31%	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 4 'Buy' recommendations, accounting for 66.67% of EGHT's total ratings.

What is EGHT's price target?

8x8 (EGHT) average price target is $3 with a range of $2.5 to $3.5, implying a 10.29% from its last price of $2.72. 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 10.29% (from the last price of $2.72 to the average price target of $3), up by 28.68% based on the highest stock price target, and down by -8.09% based on the lowest stock price target.

Can 8x8 stock reach $4?

EGHT's average twelve months analyst stock price target of $3 does not support the claim that 8x8 can reach $4 in the near future.

What are 8x8's analysts' financial forecasts?

8x8's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $732.35M (high $738.76M, low $725.62M), average EBITDA is $-82.74M (high $-81.98M, low $-83.465M), average net income is $56.17M (high $56.81M, low $55.5M), average SG&A $465.02M (high $469.09M, low $460.75M), and average EPS is $0.435 (high $0.44, low $0.429). EGHT's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $722.4M (high $728.73M, low $715.77M), average EBITDA is $-81.616M (high $-80.867M, low $-82.331M), average net income is $52.99M (high $53.6M, low $52.36M), average SG&A $458.7M (high $462.72M, low $454.49M), and average EPS is $0.41 (high $0.415, low $0.405).

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 $744.97M by -0.14%. Apple's EBITDA was $-14.011M, missing the average prediction of $-1.625B by -99.14%. The company's net income was $-73.143M, missing the average estimation of $-2.137B by -96.58%. Apple's SG&A was $422.54M, missing the average forecast of $478.17M by -11.63%. Lastly, the company's EPS was $-0.63, missing the average prediction of $0.178 by -453.06%. 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 $-20.629M by -54.48%. 8x8's net income was $-21.222M, missing the average estimation of $13.86M by -253.08%. 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%