8×8 (EGHT) Stock: $8 Price Target From Wells Fargo

By Amit Chowdhry ● May 13, 2022
  • The shares of 8×8 (NYSE: EGHT) have received an $8 price target from Wells Fargo. These are the details.

The shares of 8×8 (NYSE: EGHT) have received an $8 price target from Wells Fargo. And Wells Fargo analyst Michael Turrin is maintaining an “Underweight” rating on the shares.

Turrin adjusted the rating following the company’s fourth-quarter results. 8×8 reported a Q4 EPS of $0.05, which was $0.05 higher than analyst estimates of $0. And the revenue for the quarter was $181 million compared to the consensus estimate of $181.38 million. In terms of guidance, 8×8 expects FY2023 revenue of between $775 million and $790 million, compared to the consensus of $786 million.

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