Analysts Weigh in on 8X8 and Array Technologies: Conflicting Sentiments in the Technology Sector

Analysts have conflicting sentiments on 8X8 (EGHT) and Array Technologies (ARRY). Wells Fargo's Michael Turrin maintained a Sell rating on EGHT with a $1.50 price target, while TD Cowen maintained a Hold rating on ARRY with a $7.00 price target. Currently, EGHT has a Hold rating and a $2.27 average price target, while ARRY has a Moderate Buy rating and a $8.88 average price target, representing a 35.6% upside.

Analysts have varying opinions on the future prospects of 8X8 (EGHT) and Array Technologies (ARRY), with conflicting ratings and price targets. Wells Fargo's Michael Turrin maintained a Sell rating on EGHT with a $1.50 price target, while TD Cowen maintained a Hold rating on ARRY with a $7.00 price target [1]. Currently, EGHT has a Hold rating and a $2.27 average price target, while ARRY has a Moderate Buy rating and a $8.88 average price target, representing a 35.6% upside [2].

8X8, a provider of voice, video, chat, and enterprise-class application programmable interface (API) Software-as-a-Service solutions, has faced a recent downgrade from Wells Fargo. The analyst cited concerns about the company's financial performance and the competitive landscape. In contrast, TD Cowen's rating on ARRY, a manufacturer of solar modules, reflects a more positive outlook, with a higher price target [1].

Despite the conflicting sentiments, investors should consider the broader market conditions and each company's specific circumstances. EGHT has been the subject of recent news, including the appointment of a new Chief Marketing Officer and the launch of new products, which may influence future analyst ratings [3]. ARRY, on the other hand, has seen strong growth potential in the renewable energy sector, which could drive its share price higher [4].

In conclusion, while analysts have differing opinions on EGHT and ARRY, investors should carefully evaluate each company's fundamentals and the broader market trends before making investment decisions.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/EGHT/
[2] https://www.marketbeat.com/stocks/NASDAQ/ARRY/
[3] https://www.marketbeat.com/stocks/NASDAQ/EGHT/
[4] https://www.marketbeat.com/stocks/NASDAQ/ARRY/