8x8 Common Stock Target Price and Analyst Consensus

EGHT Stock  USD 2.74  0.10  3.79%   
The current analyst and expert consensus on 8x8 Common is Buy with 7 hold recommendations. The current projected 8x8 Common target price consensus is 4.55 with 13 analyst opinions. One of the most common ways 8x8 Common Stock analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to 8x8 Common vendors, executives, and/or customers. 8x8 Common recommendation module provides expert sentiment on the projected 8x8 Common Stock target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on 8x8 Common to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
4.14
Highest Forecast
5.05
Target Price
4.55
Gross Profit is likely to gain to about 606.7 M in 2024, whereas Pretax Profit Margin is likely to drop (0.09) in 2024. At this time, 8x8 Common's Non Currrent Assets Other are comparatively stable compared to the past year. Net Receivables is likely to gain to about 75.2 M in 2024, whereas Cash And Short Term Investments are likely to drop slightly above 84.6 M in 2024.
  
It's important to approach 8x8 Common's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

8x8 Common Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. 8x8 target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. 8x8 Common's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   13  Buy
Most 8x8 analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand 8x8 stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of 8x8 Common Stock, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

8x8 Common Target Price Projection

8x8 Common's current and average target prices are 2.74 and 4.55, respectively. The current price of 8x8 Common is the price at which 8x8 Common Stock is currently trading. On the other hand, 8x8 Common's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

8x8 Common Market Quote on 28th of March 2024

Low Price2.63Odds
High Price2.74Odds

2.74

Target Price

Analyst Consensus On 8x8 Common Target Price

Low Estimate4.14Odds
High Estimate5.05Odds

4.55

Historical Lowest Forecast  4.14 Target Price  4.55 Highest Forecast  5.05
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on 8x8 Common Stock and the information provided on this page.

8x8 Common Analyst Ratings

8x8 Common's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about 8x8 Common stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of 8x8 Common's financials, market performance, and future outlook by experienced professionals. 8x8 Common's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize 8x8 Common price targets

8x8 Common's stock target price is an estimate of its future price, usually made by analysts. Using 8x8 Common's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at 8x8 Common's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if 8x8 Common's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional 8x8 Common Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of 8x8 Common is a key component of 8x8 Common valuation and have some predictive power on the future returns of a 8x8 Common.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 8x8 Common's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.142.767.03
Details
Intrinsic
Valuation
LowRealHigh
0.183.517.78
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.090.060.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 8x8 Common. Your research has to be compared to or analyzed against 8x8 Common's peers to derive any actionable benefits. When done correctly, 8x8 Common's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in 8x8 Common Stock.

Trending Themes

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When determining whether 8x8 Common Stock is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if 8x8 Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about 8x8 Common Stock Stock. Highlighted below are key reports to facilitate an investment decision about 8x8 Common Stock Stock:
Check out Macroaxis Advice on 8x8 Common to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Note that the 8x8 Common Stock information on this page should be used as a complementary analysis to other 8x8 Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running 8x8 Common's price analysis, check to measure 8x8 Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 8x8 Common is operating at the current time. Most of 8x8 Common's value examination focuses on studying past and present price action to predict the probability of 8x8 Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8x8 Common's price. Additionally, you may evaluate how the addition of 8x8 Common to your portfolios can decrease your overall portfolio volatility.
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The data published in 8x8 Common's official financial statements usually reflect 8x8 Common's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of 8x8 Common Stock. For example, before you start analyzing numbers published by 8x8 accountants, it's critical to develop an understanding of what 8x8 Common's liquidity, profitability, and earnings quality are in the context of the Software space in which it operates.
Please note, the presentation of 8x8 Common's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, 8x8 Common's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in 8x8 Common's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of 8x8 Common Stock. Please utilize our Beneish M Score to check the likelihood of 8x8 Common's management manipulating its earnings.