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Do Analysts Expect 8x8 Inc (EGHT) Stock to Rise After It Is Lower By -20.51% in a Month?

Thursday, February 29, 2024 12:44 PM | InvestorsObserver Analysts

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Do Analysts Expect 8x8 Inc (EGHT) Stock to Rise After It Is Lower By -20.51% in a Month?

InvestorsObserver is giving 8x8 Inc (EGHT) an Analyst Rating Rank of 20, meaning EGHT is ranked higher by analysts than 20% of stocks. The average price target for EGHT is $4.345 and analyst’s rate the stock as a Buy.

Overall Score - 3.5
Wall Street analysts are rating EGHT a Buy today. Find out what this means to you and get the rest of the rankings on EGHT!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With 8x8 Inc Stock Today?

8x8 Inc (EGHT) stock is trading at $2.83 as of 12:44 PM on Thursday, Feb 29, a gain of $0.13, or 4.81% from the previous closing price of $2.70. The stock has traded between $2.77 and $2.88 so far today. Volume today is light. So far 587,547 shares have traded compared to average volume of 1,842,968 shares. Click Here to get the full Stock Report for 8x8 Inc stock.

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